Government’s debt soars to Rs34.5 trillion

ISLAMABAD:

The central government’s debt, excluding its liabilities, increased at a double-digit pace to Rs34.5 trillion by the end of May 2020 on an annualised basis, with an average of Rs14.2 billion per day, reported the State Bank of Pakistan (SBP) on Monday.

The Rs34.5-trillion central government debt is exclusive of liabilities that the government indirectly owes to creditors. Thus, the gross public debt is far higher than the central government debt and actual figures will be available next month. For instance, the gross public debt has already jumped to Rs35.2 trillion at the end of March 2020.

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