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With $46-bn CPEC project on line, Chinese media asks if Pak can repay debt

Pak’s fiscal deficit surged to 2.4% of GDP in first half of financial year 16-17, highest in 4 years

must ensure that the rising fiscal deficit in does not “snowball” into a major financial crisis as it has invested heavily in the country, specially in the $46 billion project, official Chinese media said today.

“While Pakistan’s fast growing economy has made it a darling for foreign investment, the surge in the country’s fiscal deficit and public debts has increasingly become a source of concern for investors and has led to doubts about its capability to repay its debts,” an article in the state-run Global Times said.

Source: business-standard.com

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