March 12, 2019 (MLN): Government of Pakistan accumulated an additional net loan worth Rs.192 billion during the week ended March 1, 2019 according to weekly data released by the State Bank of Pakistan (SBP) on monetary aggregates.
Government sector’s net borrowing since July 1, 2019 up until March 1, 2019 has been logged in at Rs.747.96 billion, while at the same time last year, the net loan stood at Rs.447.7 billion.
Breaking down the total net borrowing it is noted that net borrowing for budgetary support stands at Rs.902.1 billion, net borrowing for other purposes was at Rs.954 million whereas a net sum of Rs.155.1 billion were retired of commodity operations.
For budgetary support, the federal government borrowed a net amount of Rs.3.4 trillion from SBP while provincial government retired Rs.189.4 billion, AJK government retired Rs.12.6 billion and Gilgit-Baltistan retired Rs.4.4 billion to the central bank. Together, the total net borrowing for budgetary support from SBP adds up to Rs.3.2 trillion.
The other most prominent support for budgetary borrowing comes from Scheduled banks of which Rs.2.3 trillion net were retired during the period. Rs.2.2 trillion of the total net amount was retired by Federal Government whereas Rs.103.5 billion were retired by Provincial Government.
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