Govt debt surges by Rs3.4tr in August

The total central government debt rose by Rs3.4189 trillion in the period ending August 2020 compared to the same period last year, according to provisional data released by the State Bank of Pakistan (SBP) on Monday.

However, the increase has been nominal at Rs553.6 billion since June.

Domestic debt and liabilities of the central government rose by Rs2.086tr in the period ending August 2020 compared to the same month last year. In August total debt and liabilities came in at Rs24.0999tr.

From the period ending in June of 2020, the total debt and liabilities rose by Rs226.4bn.

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The biggest increase came in federal government bonds which rose by Rs2.0675tr, drive almost entirely by a surge in PIBs that rose by Rs1.8299tr.

 

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