ISLAMABAD: A whopping increase of Rs9,209 billion has been witnessed in government debt during the first 20 months of the Pakistan Tehreek Insaf (PTI) tenure.
As per the State Bank of Pakistan (SBP), the government debt, which stood at Rs24,212 billion in June 2018 and Rs27,542 billion in February 2019, has surged to Rs33,421 billion till February 2020. This means that the government debt increased 21pc (Rs5,873 billion) during the last one year.
The SBP report further stated that the government’s domestic debt increased from Rs18,315 billion in February 2019 to Rs22,188 billion till Feb 2020. Similarly, an increase of Rs8,699 billion was recorded in permanent debt during the last one year.
On the other hand, the government’s external debt also witnessed a significant increase from Rs9,231 billion in Feb 2019 to Rs11,232 billion in Feb 2020.