Pakistan can save 2723 billion by eliminating unnecessary expenditure, subsidies: World Bank

 Pakistan can save 2723 billion by eliminating unnecessary expenditures, and subsidies: World Bank The World Bank has released a review report on Pakistan's federal expenditure.

According to the World Bank, the increasing fiscal deficit and high level of debt are dangerous for the Pakistani economy. Pakistan can save 2723 billion rupees annually by eliminating unnecessary expenses and subsidies. interest, subsidies, and salaries, and the federal tax revenue is only 46 percent. , expenditure is 67 percent.

According to the World Bank, the increasing fiscal deficit is also dangerous for the sustainability of loans, last year 7.9 percent fiscal deficit reached the highest level in 22 years, due to the increase in the deficit, the debt ratio was also recorded to a high level of 78 percent. decreased, the total revenue in Pakistan is 12.8% of the GDP, of other countries in South Asia.