The Government is determined to enhance debt repayment capacity by increasing tax base in ratio with GDP.
Sources in Ministry of Finance told Radio Pakistan that steps are also being taken to replace the expensive domestic debt with concessional external loans.
Besides it, government is also taking measures to boost economic activities, enhance foreign exchange reserves, gain international investor’s confidence and achieve fiscal discipline.
The sources said that ninety percent funds would be received through privatization of various institutions. Owing to these efforts, fiscal deficit is estimated to be lowered to four percent of GDP in 2016-17 as compare to 5.37 percent last year.