Govt borrowing expands by Rs.164 bln

MG News | March 25, 2019 at 12:15 PM GMT+05:00

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March 25, 2019 (MLN): Pakistan’s government sector borrowed an additional net sum of Rs.164.2 billion during the week that ended on March 15, 2019, bringing the total net borrowing of the sector to Rs.940.2 billion for the ongoing fiscal year 2019.

The State Bank of Pakistan’s weekly report on monetary aggregates shows that the borrowed amount accumulated by this time of year is 86% greater than net borrowing during same period last year (Rs.505.3 billion).

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 15, 2019, the government of Pakistan borrowed a net of Rs.1.1 trillion for budgetary support and Rs.834 million for other miscellaneous operations. Meanwhile, Rs.163.8 billion have been retired off Commodity Operations.

Within budgetary borrowing, over Rs.3.3 trillion (net) were borrowed from the central bank while 2.2 trillion were retired of Scheduled Banks.

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