Govt domestic debt, liabilities rise to Rs54tr in August

October 06, 2025 (MLN): The total government domestic debt and liabilities have increased by 11.57% to Rs54.28 trillion in August 2025, compared to Rs48.65tr in August 2024, the latest data released by the State Bank of Pakistan (SBP) showed.

On a sequential basis, domestic debt and liabilities have decreased by 1.68% compared to Rs55.2tr in July 2025.

According to details provided by the State Bank of Pakistan (SBP), the larger portion of the debt was permanent debt, which totaled Rs41.88tr, signifying a growth of 22.81% YoY.

This comprised Rs40.99tr in federal government bonds, Rs474.94bn in SBP's on-lending to the government of Pakistan against SDRs allocation, Rs413.02bn worth of prize bonds, and the remaining Rs2.84bn in market loans.

The floating debt dropped by 21.05% in August to Rs8.65tr compared to Rs10.96tr in the same period last year.

Market Treasury Bills comprised the major proportion of the total floating debt, and stood at Rs8.54tr in August 2025.

On the other hand, the government's unfunded debt increased by 9.61% YoY to Rs3.09tr in August 2025, primarily due to a significant rise of 10.29% YoY in saving schemes, which amounted to Rs3.01tr compared to Rs2.73tr in the SPLY.

Foreign currency loans increased significantly as they clocked in at Rs379.49bn in August 2025, compared to Rs373.82bn in August 2024.

Borrowing through Naya Pakistan Certificates also reduced by 17.8% YoY to Rs65.76bn in August 2025.

Similarly, on a sequential basis, it fell by 7.96% in August compared to Rs71.44bn in July.

Moving forward, domestic liabilities of the government dropped by 34.54% YoY and were reported at Rs202.27bn in the review month.

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