According to projections made by the International Monetary Fund (IMF), Pakistan’s government gross debt will reduce from 75.8 percent of GDP in 2022 to 73.6 percent in 2023 and then further to 68.9 percent in 2024.
The net debt for Pakistan is predicted to fall to 68.7% of GDP in 2023 from 69.5% in 2022, according to the IMF study “Fiscal Monitor, on the path to policy normalization.” According to projections, the net debt will further decrease in 2024, reaching 65%.
In comparison to 12.1% during the same period in 2022 and 12.4% in 2021, government revenue is predicted to account for 12.2% of GDP in 2023 and 12.5% of GDP in 2024.
According to the Fund, the government’s main balance will be negative in 2023, down from a positive 3.0 percent in 2022. In addition, compared to -7.8% in 2022, the government’s total balance is predicted to be -6.8% for 2023 and -8.3% for 2024.
According to the estimate, government spending will represent 19.1% of GDP in 2023 compared to 19.9% in 2022 but will rise to 20.8 percentage points in 2024.
The analysis estimates that the nation’s debt to average maturity in 2023 will be 26.8% of GDP. In 2023, there will be a total finance requirement of around 26.8% of GDP.
