Public debt increases 8.23pc to Rs37.99trln in 11 months

July 6, 2021
KARACHI: Pakistan’s public debt rose by Rs2.89 trillion or 8.23 percent in 11 months of the fiscal year ended June 30, the central bank data showed on Monday, due to increased government borrowing to meet the spending requirements during the coronavirus pandemic, and higher interest payments.
The central government’s debt stood at Rs37.997 trillion at the end of May 2021. The debt amounted to Rs35.107 trillion in the period ended June 2020.
The debt increased by 10.17 percent year-on-year in May. It was Rs34.489 trillion in the period ended May 31, 2020.
Fiscal Responsibility and Debt Limitation (FRDL) Act 2005 defines “Total Public Debt” as debt owed by the government (including federal government and provincial governments) serviced out of consolidated fund and debts owed to the International Monetary Fund.

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