ISLAMABAD: The most recent report from Pakistan’s Auditor General on the federal government’s financial statements has caused a stir, both because of what it disclosed and because of the math it used.
The AGP identified anomalies in federal finances totaling Rs375 trillion, which seems to be the most startling amount ever reported in Pakistan’s financial history. Yes, a billion rupees.
Pakistan’s government budget for FY2023–2024 was about Rs14.5 trillion, whereas the country’s GDP is only about Rs110 trillion. How, then, did anomalies grow to a number 27 times greater than the national budget?
