Central Government Debt declines by 3.16% MoM in October
MG News | December 06, 2019 at 05:21 PM GMT+05:00
December 6, 2019 (MLN): The total debt of the Pakistan government declined by 3.16% to Rs.32.19 trillion in October 2019 when compared to Rs 33.24 trillion in September 2019.
However, the total debt figure increased by Rs.6.3 trillion over the corresponding period from last year, signifying a growth of 24.60%, as per data released by State Bank of Pakistan.
The long-term debt, which mainly comprises of permanent debt, unfunded debt and foreign currency loans, surged by 1.68% MoM. On the other hand, the short term debt, which includes floating debt, declined by 21.20% MoM.
On a monthly basis, the biggest decrease in debt was noted through Treasury Bills under the short term debt by 23.22%.
Furthermore, the external debt of the government increased by 0.58% MoM and 22.81% YoY.
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