Finance Ministry has issued the financial report for the fiscal year 2021-22. The budget deficit was Rs 3468, while the trade deficit amounted to $49.5 billion, ARY News reported.
The report issued by the Finance Ministry shows that the budget deficit for the year 2021-22 was Rs 3468 billion. The country’s exports were $32.5 billion, while the imports were $72 billion, the report said.
The report said that a total of $31.2 billion were received in remittances in the fiscal year 2021-22. International investment in the country amounted to $1.8 billion, it added.
The Finance Ministry told that the foreign reserves in the country, as of July 25, were $14.3 billion, while the dollar exchange rate was Rs 229.88. The dollar rate on 23 July 2021 was 162.33, it added.
According to the report taxed income in the fiscal year 2021-22 amounted to Rs 6126 billion while a total of Rs1124 billion was collected as non-taxed income.
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The budget deficit for the year 2021-22 was Rs3468 billion.
In February 2022, the Finance ministry released details of the federal budget, highlighting that the deficit increased by Rs459 billion in six months of the fiscal year 2021-22 despite an increase in tax collection.
According to details shared by the ministry, the budget deficit had risen to Rs1852 billion during the six months of the fiscal year 2021-22.
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