Internal debt of Rs 683.39 billion was taken in the first half of the financial year: report

ISLAMABAD: The Ministry of Finance has released a report on financial operations for the first half of the financial year.

According to the report, the July-December budget deficit stood at Rs 1138 billion and in the first half of the financial year, the budget deficit was 2.5% of GDP, while in the first half, more than Rs 1475 billion was paid in interest.

According to the report, defense expenditure was Rs 486.50 billion from July to December, tax revenue was Rs 2,455.90 billion from July to December, while domestic and foreign loans of Rs 1,138 billion were taken from July to December.

According to the report, internal debt of Rs 683.39 billion was taken in the first half while petroleum levy of Rs 47.54 billion was received in six months.