Central govt debt soars by 34.1% YoY to Rs58.6tr in April

News Image

MG News | June 06, 2023 at 09:59 AM GMT+05:00

0:00

June 06, 2023 (MLN): The total debt of the central government has surged by 34.1% YoY to 58.59 trillion in April 2023, compared to Rs43.7tr in April 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 2.58% MoM compared to Rs57.12tr in March 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 Rs36.54tr, signifying a growth of 26.4% YoY, comprising Rs29.19tr long-term debt and Rs7.21tr short-term debt while the remaining was external.

By the end of April 2023, the government’s long-term debt increased by 25.3% YoY to Rs29.19tr as compared to Rs23.3tr recorded in the same period a year ago.

Similarly, the short-term jumped by 29.4% YoY as opposed to Rs5.57tr in April 2022.

Within the long-term domestic debt, the Pakistan Investment Bonds (PIBs) accounted for Rs22.1tr, jumped by 29.7% YoY.

Meanwhile, in the short-term domestic debt, Market Treasury Bills (MTBs) amounted to Rs7.15tr, up by 29.4% YoY.

Borrowing through Naya Pakistan Certificates has amplified by 3.97x YoY to stand at Rs138.3bn in April 2023.

A breakup of the central government's external debt shows that nearly Rs22tr came from long-term loans while Rs79.9bn came from short-term loans.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,180.73
176.31M
-0.00%
-0.21
ALLSHR 95,725.29
627.45M
0.04%
34.47
KSE30 47,679.73
117.28M
-0.07%
-34.66
KMI30 229,642.04
72.88M
-0.03%
-80.05
KMIALLSHR 64,362.63
231.36M
-0.09%
-57.44
BKTi 41,975.85
72.04M
0.02%
6.33
OGTi 31,761.96
7.98M
-0.72%
-229.80
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,925.00 117,495.00
116,465.00
-165.00
-0.14%
BRENT CRUDE 68.27 68.59
68.26
-0.20
-0.29%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.35 93.50
93.15
0.50
0.54%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.34 64.67
64.34
-0.18
-0.28%
SUGAR #11 WORLD 16.55 16.74
16.52
-0.18
-1.08%

Chart of the Day


Latest News
September 17, 2025 at 10:36 AM GMT+05:00

TOMCL secures $7.5m export orders for China


September 17, 2025 at 10:32 AM GMT+05:00

Oil prices hold steady as Russian supply concerns linger


September 17, 2025 at 10:10 AM GMT+05:00

Systems limited board approves potential IT services acquisition


September 17, 2025 at 09:46 AM GMT+05:00

Asia markets mixed ahead of fed policy decision



Top 5 things to watch in this week

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