Pakistan's total debt and liabilities reach Rs 40.99 trillion

February 18, 2020 (MLN): Central Government domestic debt and liabilities during six months of the current fiscal year rose by Rs 944.6 billion or by 5% to Rs 21.67 trillion.

In the first two-quarters of FY20 domestic debt declined by 4% QoQ, this suggests that the government retired Rs 973.5 billion as debt in the 2QFY20.

According to the data issued by State Bank of Pakistan (SBP), government outstanding external debt and debt from the IMF during 1HFY20 stood at Rs 10.9 trillion and Rs 1 trillion respectively.

This translated into gross public debt which is the sum of Government domestic debt, government external debt and debt from IMF reached to Rs 33.7 trillion at the end of IHFY20, indicating an accumulation of Rs 1 trillion in six months. In 2QFY20, the figure down by 2% QoQ as government retired Rs 529.8 billion as public debt.

Cumulatively, data showed that in one year from December 2018 to December 2019, Pakistan total debt and liabilities surged by 23% or Rs 7.76 trillion YoY to Rs 40.99 trillion from Rs 33.3 trillion recorded in Dec 2018.

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