Government’s net borrowing as of last week for FY19 up by 58%, YoY

April 1, 2019: Net borrowing by the government sector as of March 22, 2019 has dropped to Rs.11 trillion, reports the State Bank of Pakistan in its weekly report on monetary aggregates. As of last week, the borrowed amount was recorded at Rs.11.13 billion.

Cumulative net borrowing by the government for the period July 1 – March 22, 2019 has been recorded at Rs.900 billion, up by 58% compared to corresponding period last year, while net borrowing for budgetary support in particular touched Rs.1.06 trillion for the said period.

The government sector borrowings are divided into three broad categories based on the purpose of loan, which are budgetary support, commodity operations and others.

Up until March 22, 2019, government borrowed Rs.817 million for other miscellaneous operations. Meanwhile, Rs.168 billion have been retired off Commodity Operations.

Within budgetary borrowing, over Rs.3.1 trillion (net) were borrowed from the central bank while Rs.2 trillion were retired of Scheduled Banks.

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