IGI Securities Limited – Investor Kit – Top News (19-05-2020)

Islamabad, May 19, 2020 (PPI-OT): Fiscal deficit to continue to rise in 2021 and beyond: Moody’s

Pakistan will continue to register large fiscal deficits in 2021 and beyond, says Moody’s Investor Services (Moody’s). Moody’s in its latest report, “Sovereigns – Global, G-20 debt service freeze supports liquidity, high debt level challenges will intensify”, stated that reducing fiscal deficits will take time.

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