PESHAWAR: In the first six months of the current fiscal year 2023-24, Khyber Pakhtunkhwa government has witnessed an alarming increase in borrowings, taking the total amount of loans to Rs 530.72 billion.
According to documents from the Finance Department of Khyber Pakhtunkhwa, as of December 2022, the provincial government’s total outstanding debt stood at Rs 454.35 billion.
January 2023 marked a turning point as the provincial government’s debt escalated, reaching Rs 530.72 billion. This increase of Rs 76.36 billion is attributed to a decline in the value of the rupee against the US dollar.
The provincial government has emphasized the need for these funds to address rising costs and implement essential projects. However, critics argued that the government is neglecting citizen concerns amid the economic challenges and insufficient alternatives to borrowing.
Over the past six years, the province has witnessed a cumulative increase of Rs 370 billion in its overall debt.
In 2017-18, the provincial debt was Rs 160.70 billion, escalating to Rs 227.89 billion in 2018-19, Rs 265.36 billion in 2019-20, and Rs 295.96 billion in 2020-21.
A sudden spike in the value of the dollar resulted in an increase to Rs 359.33 billion in 2021-22. The debt surged to Rs 530.72 billion in the fiscal year 2022-23, reflecting a Rs 171.39 billion borrowing during this period.
During the previous fiscal year, the provincial government made repayments totaling Rs 27.64 billion, including the return of Rs 20.97 billion in loans and Rs 6.66 billion in interest payments.
The government has borrowed for 110 projects, completing 79 of them, while work on the remaining 31 projects is underway.
Highly Recommended!
Very insightful, i will also say this here. Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It’s hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I’m not here to converse much but to share my testimony; I have made total returns of $10,500.00 from an investment of just $1000.00 within 1 week. Thanks to Mr Bernie I’m really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : BERNIEDORANSIGNALS@ GMAIL. COM bitcoin is taking over the world, tell him I referred you
GET RICH WITH BLANK ATM CARD, Whats app: + 1 803 392 1735
I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Online Hackers send them the atm blank card and use it to collect money in any atm machine and become rich I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.
You can also contact them for the service below
* Western Union/MoneyGram Transfer
* Bank Transfer
* PayPal / Skrill Transfer
* Crypto Mining
* CashApp Transfer
* Bitcoin Loans
* Recover Stolen/Missing Crypto/Funds/Assets
Email: darkwebonlinehackers @ gmail . com
Telegram or Whats App: + 1 803 392 1735
So, there I was, last week, neck-deep in trouble. I got sucked into this investment scam, thinking I’d hit the jackpot. Turns out, it was all a bunch of lies, and I ended up losing a staggering $47,000. They painted this picture of financial heaven, but it was more like financial hell. I came across Bryan Recovery, I don’t know what I would have done without them, Getting great support and recovering everything back. all thanks to Bryan recovery, for their great support.
Mail:[email protected]
W/A: +1 (580)447–0130
What a really awesome post this is. Truly, one of the best posts I’ve ever witnessed to see in my whole life. Wow, just keep it up.
MY PERSONAL EXPERIENCE ON LOST CRYPTO RECOVERY!
I read so many stories about bitcoin loss to scams. I will like to start by saying the agencies responsible for bitcoin security has really done nothing to help locate stolen or lost coins. In my situation my MacBook was hacked by someone that had access to my emails, i immediately contacted blockchain and they only wasted my time, after which i worked towards getting help else where, i was referred to consult a bitcoin expert who helped track and retrieved my 3.3 btc, for an agreed fee. I was more than grateful and willing to pay more after the job was done. Thankful i didn’t fall victim and would like to recommend ( MORRIS GRAY 830 @ G maiL . COM )
I JUST GOT MY 5.2 BTC I AM THE HAPPIEST PERSON RIGHT NOW, THANKS TO DARK WEB ONLINE HACKERS FOR SAVING MY LIFE, IF YOU ARE INTERESTED IN MAKING GOOD PROFIT IN BITCOIN MINING AND YOU ARE LOOKING FOR A GENUINE HACKERS TO EARN FOR YOU I WILL ADVISE YOU ALL TO CONTACT DARK WEB ON EMAIL: DARKWEBONLINEHACKERS @ GMAIL . COM WHATSAPP +18033921735 THEY ARE GENUINE AND LEGIT THEY HAVE PUT SMILE ON MY FACE