Govt domestic debt, liabilities rise 17% YoY to Rs53tr in April

June 04, 2025 (MLN): The total government domestic debt and liabilities have increased by 17.19% to Rs52.74 trillion in April 2025, compared to Rs45tr in April 2024, the latest data released by the State Bank of Pakistan (SBP) showed.

On a sequential basis, domestic debt and liabilities have risen by 1.94% compared to Rs51.74tr in March 2025.

According to details provided by the State Bank of Pakistan (SBP), the larger portion of the debt was permanent debt, which totaled Rs41.16tr, signifying a growth of 28.38% YoY.

This comprised Rs40.28tr in federal government bonds, Rs474.94bn in SBP's on-lending to the government of Pakistan against SDRs allocation, Rs403.09bn worth of prize bonds, and the remaining Rs2.84bn in market loans.

The floating debt dropped by 9.14% in April to Rs8.33tr compared toRs9.17tr in the same period last year.

Market Treasury Bills comprised the major proportion of the total floating debt, and stood at Rs8.23tr in April 2025.

On the other hand, the government's unfunded debt increased by 6.01% YoY to Rs2.96tr in April 2025, primarily due to a significant rise of 6.59% YoY in saving schemes, which amounted to Rs2.89tr compared to Rs2.71tr in the SPLY.

Foreign currency loans fell significantly as they clocked in at Rs11.82bn in April 2025, compared to Rs373.52bn in April 2024.

Borrowing through Naya Pakistan Certificates also reduced by 33.09% YoY to Rs62.05bn in April 2025.

Similarly, on a sequential basis, it fell by 0.98% in April compared to Rs62.67bn in March.

Moving forward, domestic liabilities of the government dropped by 57.59% YoY and were reported at Rs219.6bn in the review month.

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