KARACHI: The federal government’s total (domestic and external) debt continued upward growth and rose by 27 percent during the last fiscal year (FY23).
According to the State Bank of Pakistan (SBP), the central government’s total debt stocks reached all-time high level of Rs 60.839 trillion by end of FY23 compared to Rs 47.832 trillion end of FY22, depicting an increase of Rs 13 trillion.
During the period under review, the federal government’s domestic debt increased by 24 percent or Rs 7.7 trillion to Rs 38.809 trillion in June 2023 up from Rs 31.085 trillion in June 2022.
The external debt of the federal government also witnessed upward trend and mounted up by 31.5 percent during the period under review. The central government’s total external debt rose by Rs 5.28 trillion to Rs 22.031 trillion end of the last fiscal year as against Rs 16.747 trillion end of the previous year.
Copyright Business Recorder, 2023
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