Pakistan’s trade deficit significantly increased by 22.65% to $27.81 billion in the first nine months of the current fiscal year (9MFY26), as compared to the same period of the previous year, data released by the Pakistan Bureau of Statistics (PBS) showed on Thursday. The country’s trade balance, the gap between exports and imports, was recorded […]
deficit
Saudi Arabia approves 2026 budget with $44 billion deficit
RIYADH: Saudi Arabia has approved its 2026 budget with an estimated deficit of 165 billion riyals ($44 billion), the state news agency reported on Tuesday. Total spending is set at 1.31 trillion riyals, while revenues are projected at 1.15 trillion riyals. The deficit represents 3.3% of GDP, an improvement from 2025’s estimated 245 billion riyals, […]
ESP and budget analysis – where is the economy headed?
Amidst the chaotic and raucous demonstrations by the opposition on Friday, the economic advisor to the Prime Minister, Dr Miftah Ismail, announced the budget for the upcoming fiscal year of 2018-19. While the opposition argued that the government did not have the mandate to announce the budget of the entire fiscal year, considering elections are […]