October 8, 2019 (MLN): The total debt of the Pakistan government declined by Rs. 557 billion to Rs.32.240 trillion in August 2019, showing a 1.70% decline over July 2019.

However, the total debt figure increased by Rs. 7.5 trillion over the corresponding period from last year, signifying a growth of 30.4%.

On a monthly basis, the biggest increase in debt was noted in short term debt at 30.61%, with the amount raised through Treasury Bills showing an increase of Rs.36.9 billion.

The long-term debt, which mainly comprises of permanent debt, unfunded debt and foreign currency loans, surged by 3.48% MoM. On the other hand, the short term debt, which includes floating debt, declined by 15.4% MoM.

Furthermore, the external debt of the government declined by 0.38% MoM and jumped by 35.3% YoY.  

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