The National Assembly was informed on Monday that Pakistan now owes a total of Rs49,200 billion.
According to Finance Minister Ishaq Dar, as of June 30, 2022, the country had a domestic debt of Rs. 31,000 billion and an external debt of Rs. 18,160 billion.
Indicators for the sustainability of the nation’s external debt further declined in the previous fiscal year, according to a report from the finance ministry, as a result of the government’s increased reliance on short-term loans from abroad and the risks associated with refinancing and the rupee depreciation.
For the fiscal year 2021–2022, the public debt indicators relating to debt maturity, currency risks, refinancing risks, and interest rate risks had gotten worse, according to the Annual Debt Review and Public Debt Bulletin.
The Public Debt Management Office and the federal government did a dismal job, according to the report. Within a year, the overall public debt increased unacceptably by Rs9.3 trillion, from Rs39.9 trillion to Rs49.2 trillion.
According to the finance ministry, currency depreciation caused an increase of Rs3.8 trillion as the exchange rate dropped from Rs157.3 to a dollar in June 2021 to Rs204.4 in June 2022. Budget finance requirements were the cause of the remaining increase.
For the fiscal year 2021–2022, the public debt indicators relating to debt maturity, currency risks, refinancing risks, and interest rate risks had gotten worse, according to the Annual Debt Review and Public Debt Bulletin.
The Public Debt Management Office and the federal government did a dismal job, according to the report. Within a year, the overall public debt increased unacceptably by Rs9.3 trillion, from Rs39.9 trillion to Rs49.2 trillion.
According to the finance ministry, currency depreciation caused an increase of Rs3.8 trillion as the exchange rate dropped from Rs157.3 to a dollar in June 2021 to Rs204.4 in June 2022. Budget finance requirements were the cause of the remaining increase.
