Fitch sees Pakistan's FY27 deficit at 4% of GDP
Pakistan’s FY27 budget points to continued fiscal discipline, but the quality and durability of consolidation remain open to question.
July 16, 2026 (MLN): Pakistan’s FY27 budget points to continued fiscal discipline, but the quality and durability of consolidation remain open to question. The public finances of Pakistan (B-/Stable) have improved significantly in recent years, with the authorities estimating an overall general government deficit of 3.0% of GDP in FY26, 0.9pp below target and lower than our expectations, according to Fitch Ratings....