The overall debt of the central authorities has surged to Rs63.39 trillion by the top of November 2023 after recording greater than 24 p.c improve in a single 12 months.
In accordance with the newest information of State Financial institution of Pakistan (SBP), the central authorities debt was recorded at Rs63.39 trillion by November 2023 as in comparison with Rs50.96 trillion in the identical interval of the previous 12 months, displaying a rise of Rs12.43 trillion. On a month-to-month foundation, the central authorities debt has elevated by Rs991 billion to Rs63.39 trillion by November 2023 from Rs62.48 trillion of October final 12 months. The information confirmed that the bigger portion of the federal government debt was home debt, which stood at Rs40.96 trillion. The home debt includes Rs33.21 trillion long-term debt and Rs7.62 trillion short-term debt whereas the remaining Rs22.43 trillion was exterior. On a month-to-month foundation, the home debt has enhanced by 1.35 p.c.
The federal government’s long-term debt elevated by 27.55 p.c on an annual foundation to Rs33.21 trillion as in comparison with Rs26.03 trillion recorded in the identical interval a 12 months in the past. In lengthy time period home debt, the Pakistan Funding Bonds (PIBs) accounted for Rs24.98 trillion and mirrored a development of 28.33 p.c on an annual foundation.
In the meantime, within the short-term home debt, Market Treasury Payments (MTBs) amounted to Rs7.54 trillion,
rising by 11.05 p.c on an annual foundation. In the meantime, borrowing by way of this channel decreased considerably by 15.33 p.c on a month-to-month foundation.
Borrowing by way of Naya Pakistan Certificates has elevated by 23.27 p.c on annual foundation and went down by 2.53 p.c on month-to-month foundation and recorded at Rs125.55 billion in November 2023.
Breakup of the central authorities’s exterior debt reveals that almost Rs22.4tr got here from long-term loans whereas Rs29.76bn got here from short-term loans.