Budget Deficit: A Dilemma of Pakistan’s Economy

Muhammad Zahir Faridi (), Rashid Ahmad, Altaf Hussain () and Ahmad Usama ()
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Muhammad Zahir Faridi: Director/ Professor, School of Economics, Bahauddin Zakariya University Multan, Pakistan
Rashid Ahmad: Assistant Professor, School of Economics, Bahauddin Zakariya University Multan, Pakistan
Altaf Hussain: Assistant Professor, Department of Economics, The Islamia University of Bahawalpur, Pakistan
Ahmad Usama: M.Phil. Scholar School of Economics, Bahauddin Zakariya University Multan, Pakistan

iRASD Journal of Economics, 2022, vol. 4, issue 1, 117-126

Abstract: The study has been carried out for investigating the effects of nominated independent variables on the budget deficit of Pakistan. For it, data has been collected for the period ranging from 1972 to 2019. ARDL Technique has been employed for carrying out the empirical analysis. The dependent variable is budget deficit; however, oil price hikes, work remittances, per capita income, corruption, and GDP deflator is marked as the independent variable. The fallouts of the empirical analysis reveal that there exists a direct association among the dependent and independent variables except for per capita income and work remittances as they are related indirectly.

Keywords: Budget deficit; Debt Burden; GDP; ARDL; Pakistan (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ani:irdjoe:v:4:y:2022:i:1:p:117-126

DOI: 10.52131/joe.2022.0401.0066

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