Pakistan is seeking to borrow _________ RS during fiscal year 2018-2019 to repay domestic, foreign debt and the interest on these loans?
Correct answer: C. 22 trillions
- A. 25 trillions
- B. 24 trillions
- C. 22 trillions
- D. 20 trillions
Explanation
Pakistan planned to borrow about Rs22 trillion during fiscal year 2018-19 to meet debt repayment and interest obligations. The borrowing was largely connected with refinancing domestic and foreign debt rather than funding a single development project.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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