Central govt debt soars by 22.11% YoY to Rs61.75tr in July

News Image

MG News | September 05, 2023 at 05:34 PM GMT+05:00

0:00

September 05, 2023 (MLN): The total debt of the central government has surged by 22.11% YoY to Rs61.75 trillion in July 2023, compared to Rs50.57tr in July 2022, the data released by the State Bank of Pakistan (SBP) showed.

On a sequential basis, the debt of the central government witnessed an increase of 1.49% MoM compared to Rs60.84tr in June 2023.

The increase in debt burden is primarily attributed to borrowing from domestic and foreign sources to cover the fiscal deficit.

As per details made available by SBP, the larger portion of the debt was domestically clocked in at Rs39.02tr, signifying a growth of 24.08% YoY, comprising Rs29.59tr long-term debt and Rs9.29tr short-term debt while the remaining Rs22.73tr was external.

By the end of July 2023, the government’s long-term debt increased by 24.44% YoY to Rs29.59tr as compared to Rs23.78tr recorded in the same period a year ago.

Similarly, the short-term debt jumped by 27.14% YoY as opposed to Rs7.31tr in July 2022.

Within the long-term domestic debt, the Pakistan Investment Bonds (PIBs) accounted for Rs22.06tr, up by 27.40% YoY.

Meanwhile, in the short-term domestic debt, Market Treasury Bills (MTBs) amounted to Rs9.22tr, up by 27.14% YoY.

Borrowing through Naya Pakistan Certificates has risen by 26.71% YoY to stand at Rs139bn in July 2023.

A breakup of the central government's external debt shows that nearly Rs22.67tr came from long-term loans while Rs65.2bn came from short-term loans.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,495.00 119,740.00
118,145.00
200.00
0.17%
BRENT CRUDE 73.30 73.63
71.75
0.79
1.09%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.08 70.51
68.45
0.87
1.26%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg