Govt to start FY2022-23 with Rs 600 bln negative balance: Miftah.

ISLAMABAD -- Federal Minister for Finance and Revenue Miftah Ismail on Saturday said keeping in view the position of resources and expenditures, the government would actually start the fiscal year 2022-23 with a negative balance of Rs 600 billion, which was a big economic challenge.

The main reason for it was the fiscal mismanagement by the last government, he said addressing a post-budget press conference,

The minister enumerated that the total revenue target had been set at Rs 7,004 billion and if non-revenue resources were added it would take the total revenue to Rs 9,000. Out of it, an amount of Rs 4,000 billion would be the...

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