More debt, less development? Pakistan spends just 10% of annual budget
Why This Matters
Key context: Pakistan spent just 10.4% of its annual development budget in the first four months of the fiscal year, despite recording a 0.8% budget surplus in the first quarter. The slow spending comes as public projects face delays and the country's external debt nearly doubles to $135.1 billion in 2025 from $68.67 billion in 2015, according to a World Bank report cited by Dawn. This development from timesofindia.indiatimes.com highlights ongoing changes in the sector.
Pakistan spent just 10.4% of its annual development budget in the first four months of the fiscal year, despite recording a 0.8% budget surplus in the first quarter. The slow spending comes as public projects face delays and the country's external debt nearly doubles to $135.1 billion in 2025 from $68.67 billion in 2015, according to a World Bank report cited by Dawn.
Curation & Context
This page summarizes a public news report from timesofindia.indiatimes.com. Global News Hub provides the "Why This Matters" takeaway using editorial insights and AI curation to give readers rapid, high-value context before they click through to read the full article.