Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Central government’s debts rise by 21% YoY

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

January 08, 2020 (MLN): The central government's domestic and external debts by the end of November 2019 rose by 21% YoY to Rs 32.13 trillion as compared to Rs 26.45 trillion recorded by the end of November 2018, reveals latest data issued by the State Bank of Pakistan.

Compare to the previous month figures, it decreased by Rs 66.4 billion, as it stood at Rs 32.19 trillion by the end of October 2019.

Central government’s domestic debt is divided into two broad categories i.e. long-term debt and short-term debt. Long-term debt is further divided into three broad categories namely; Market loans, Federal government bonds and Prize Bonds which collectively termed as permanent debt. By the end of November 2019, the government’s long-term debt increased marginally MoM while on yearly basis, it increased 2.2 times to Rs 16.6 trillion, as it stood at  Rs 7.26 trillion at the end of November 2018.   

With regards to the government’s short-term debt which comprises of Bai Muajjal, Market Treasury Bills, MTBs for Replenishment of Cash and Outright Sale of MRTS to Banks clocked in at Rs 4.8 trillion during the period mentioned above, depicting a significant decline of 52% YoY and 7% MoM.

Meanwhile, the Central government’s External debt logged in at Rs 10.7 trillion, registering an upsurge of 17% YoY, as it stood at Rs 9.1 trillion at the end of November 2018.

Copyright Mettis Link News

 

Posted on: 2020-01-08T16:04:00+05:00

32014