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HomeEconomyCentral govt debt swells by 11.5% YoY in Aug’21

Central govt debt swells by 11.5% YoY in Aug’21

October 5, 2021 (MLN): The total debt of the Central Government during the month of August 2021 surged by Rs4.11trillion or around 11.5% YoY to stand at Rs39.77tr when compared to Rs35.66tr recorded in August 2020.

The data released by the State Bank of Pakistan (SBP) shows that the larger portion of the debt was domestic that clocked in at Rs26.33tr, signifying a growth of around 12% YoY, comprising of Rs19.04tr long term debt and Rs7.24tr short term debt while the remaining was external.

By the end of August 2021, the government’s long-term debt escalated by approximately 4.04% when compared to Rs18.30tr at the end of August’20.

Within the long-term domestic debt, the Pakistan Investment Bonds (PIBs) accounted for Rs14.13tr, and Saving Schemes accounted for Rs3.49tr.

Meanwhile, the short-term debt surged by 38.3% YoY whereby Market Treasury Bills (MTBs) amounted to Rs7.23tr.

A breakup of the Central Government External Debt shows that nearly Rs13.23tr came from long-term loans while Rs208.6billion came from short-term loans.

Copyright Mettis Link News


Posted on: 2021-10-05T17:25:30+05:00


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