Govt domestic debt, liabilities rise 10% YoY in Feb 2026

April 09, 2026 (MLN): The total government domestic debt and liabilities have increased by 10% to Rs56.82 trillion in February 2026, compared to Rs51.29tr in February 2025, the latest data released by the State Bank of Pakistan (SBP) showed.

On a sequential basis, domestic debt and liabilities have risen by 1.2% compared to Rs56.15tr in January 2026.

According to details provided by the State Bank of Pakistan (SBP), the larger portion of the debt was permanent debt, which totaled Rs43.89tr, signifying a growth of 11.31% YoY.

This comprised Rs42.99tr in federal government bonds, Rs475bn in SBP's on-lending to the government of Pakistan against SDRs allocation, Rs426bn worth of prize bonds, and the remaining Rs3bn in market loans.

The floating debt rose by 10.95% in February to Rs9.13tr compared toRs8.23tr in the same period last year.

Market Treasury Bills comprised the major proportion of the total floating debt, and stood at Rs9.01tr in February 2026.

Similarly, the government's unfunded debt increased by 9.78% YoY to Rs3.2tr in February 2026, primarily due to a significant rise of 10.3% YoY in saving schemes, which amounted to Rs3.13tr compared to Rs2.84tr in the SPLY.

Foreign currency loans increased significantly as they clocked in at Rs391bn in February 2026, compared to Rs375bn in February 2025.

Borrowing through Naya Pakistan Certificates also reduced by 4.29% YoY to Rs67bn in February 2026.

Similarly, on a sequential basis, it fell by 6.94% in February compared to Rs72bn in January.

Moving forward, domestic liabilities of the government dropped by 46.01% YoY and were reported at Rs142bn in the review month.

Copyright Mettis Link News