Pakistan: Sixth and Seventh Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
October 31, 2003
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Monetary developments in the first half of 2003 were largely in line with expectations, except for credit to the private sector, which has accelerated significantly in recent months. The overall deficit of the consolidated government was 4.5 percent of GDP in 2002–03, lower than the program ceiling, and the Central Board of Revenue (CBR) collection exceeded the target by a small margin. Pakistan's macroeconomic performance has strengthened substantially over the past few years, with the 2002–03 outcome largely exceeding the Poverty Reduction and Growth Facility (PRGF) targets.
Subject: Budget planning and preparation, Debt service, Expenditure, External debt, Public debt, Public financial management (PFM)
Keywords: broad money growth, Budget planning and preparation, collection target, CR, credit growth, currency debt, Debt service, Global, growth, ISCR, PRGF arrangement, PRGF loan, private sector credit growth, September, South Asia
Pages:
79
Volume:
2003
DOI:
Issue:
338
Series:
Country Report No. 2003/338
Stock No:
1PAKEA0052003
ISBN:
9781451830606
ISSN:
1934-7685
