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Posted on February 9, 2011 | tags

 
 

World: Rough budget conditions behind Pakistan’s dissolving cabinet

  • 60 the number of ministers and junior ministers that just stepped down from the Pakistani cabinet
  • under 40 the number of folks that will likely replace those 60 people, according to reports source
  • » Why did they dip out? Budget issues. The International Monetary Fund gave the country a stern warning back in December to avoid slippage in their financial situation. Their budget deficit is forecasted to be 4.7 percent of gross domestic product for the current fiscal year. To convince Pakistan to fix their situation, they withheld part of its loan to the country.