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Finance Ministry announces USD 207.52 million treasury bill sale
The Ministry of Finance and Public Enterprises announced the sale of four treasury bills worth approximately USD 207.52 million to finance Government expenditure. The sale comes as the Government projects a wider budget deficit in 2027, with Minister of Finance and Public Enterprises Hassan Zareer projecting an overall deficit of USD 609.60 million.
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USD 207.52 milliontotal treasury bill sale valuePSM Newshas announced the sale of four treasury bills worth approximately USD 207.52 million to finance Government expenditure.
USD 3.24 million188-day treasury bill valuePSM NewsThe longer-dated bills are valued at USD 3.24 million for the 188-day term and USD 114.14 million for the 364-day term.
USD 114.14 million364-day treasury bill valuePSM NewsThe longer-dated bills are valued at USD 3.24 million for the 188-day term and USD 114.14 million for the 364-day term.
6.2 per centestimated overall deficit as share of GDP at end of 2026PSM Newsup from an estimated USD 492.87 million, or 6.2 per cent of GDP, at the end of 2026.
2.5 per centestimated primary balance in 2026PSM NewsMinister Zareer estimated the primary balance at 2.5 per cent of GDP in 2026 and projected it would reach 3.4 per cent by the end of 2027.
3.4 per centprojected primary balance by end of 2027PSM NewsMinister Zareer estimated the primary balance at 2.5 per cent of GDP in 2026 and projected it would reach 3.4 per cent by the end of 2027.
5 per centtarget overall deficit as share of GDP by end of 2028PSM Newsreducing the overall deficit to 5 per cent of GDP by the end of 2028 as the main objective of the budget measures.
7 per centprojected PSIP spending as share of GDP in 2028PSM Newsthe Government expects spending under the Public Sector Investment Programme (PSIP) to fall to 7 per cent of GDP in 2028.