Budgetary Balance and Private Sector Activity in Pakistan: The Net Impact of Defense Expenditures on Investment in Manufacturing

Loading...
Thumbnail Image
Authors
Looney, Robert E.
Subjects
Advisors
Date of Issue
1992
Date
1992
Publisher
Language
Abstract
Toward the end of 1988, Pakistan's deteriorating resource situation caused a financial crisis many remnants of which still exist today. In 1988 the Government's budget deficit reached 8.5% of Gross Domestic Product (GDP), inflation accelerated, the current account deficit doubled to 4.3% of Gross National Product (GNP), the external debt service ratio reached 28% of export earnings, and foreign exchange reserves fell by half to $438 million, equal to less than three weeks~of imports (World Bank, 1991: ii).
Type
Article
Description
Refereed Journal Article
Series/Report No
Department
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Looney, R.E., "Budgetary Balance and Private Sector Activity in Pakistan: The Net Impact of Defense Expenditures on Investment in Manufacturing" Journal of Economics and Administrative Studies, vol. 6, nos. 1&2, 1992.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
Collections