Pakistan’s total debt rises 10.23% to Rs38.70 trillion

Shahnawaz AkhterWeb Editor

30th Aug, 2021. 04:05 pm
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KARACHI: Pakistan’s total debt, including domestic and external increased 10.23 per cent in the fiscal year 2020/21 to Rs38.70 trillion, compared with Rs35.10 trillion by June 30, 2020, the central bank reported on Monday.

The federal government’s domestic debt increased to Rs26.26 trillion by June 30, 2021, compared with Rs23.28 trillion. The domestic debt during the fiscal year 2020/21 registered an increase of 12.8 per cent.

Of the domestic debt, the permanent debt increased to Rs15.90 trillion by June 30, 2021, compared with Rs14 trillion a year ago.

The major component of permanent debt, i.e., the loans through the federal government bonds increased to Rs15.45 trillion as against Rs13.28 trillion. The other component of permanent debt, i.e., the borrowing through prize bonds declined to Rs443.7 billion by June 30, 2021, compared with Rs734 billion on June 30, 2020.

The short-term borrowing of the federal government also increased to Rs6.68 trillion, compared with Rs5.57 trillion. An amount of Rs28 billion was also generated through the sale of Naya Pakistan Certificates till June 30, 2021.

The external borrowing of the government increased to Rs12.43 trillion by June 30, 2021, compared with Rs11.82 trillion as of June 30, 2020.

Of the external borrowing of the government, the long-term loans increased to Rs12.29 trillion by the end of the fiscal year 2020/21, compared with Rs11.82 trillion in the preceding fiscal year. However, the short-term external debt reduced to Rs135 billion, compared with Rs259 billion.

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