Pakistan Expects to Cut Budget Deficit First Time in Four Years, Khan Says

(Bloomberg) -- Pakistan expects to cut its budget deficit for the first time in four years as record economic growth spurs company and personal tax collections, the government's chief economic adviser Ashfaque Hasan Khan said.

The deficit may narrow to 4 percent of gross domestic product in the year starting July 1, from 4.2 percent of GDP in the current year, Khan said in an interview in Kyoto. The government will release its budget in the first week of June.


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