Deficit

Deficit in overall indirect tax receipts likely due to contraction in customs and excise collections

SBP said the country's current account deficit shrank by 90 % in January from the same month last year as the government continued with its strategy to restrict imports

Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency

Large borrowing states not coming to the market or drawing down less than indicated amounts

The state has negotiated a series of crises in the form of natural disasters to the Covid pandemic with a great amount of resilience since 2017

Revenue shortfalls in India, the major economy hardest hit by the pandemic, are likely to force the government to borrow more, but it will only consider monetising its deficit as a last resort

Monetisation of deficit is unlikely to spark inflation

Fiscal hawks argue such proposals will merely sow the seeds for more trouble. But the needle seems to be shifting on how much debt an economy can safely carry

To cut costs, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official travel to only essential activities

Economists forecast fall up to $118.9 billion in fourth quarter. For 2015, it totaled $484.1 billion, largest since 2008