پاکستان کی مکمل تباہی کی منزل قریب - قوم مقروض سے مقروض تر

Rajarawal111

Chief Minister (5k+ posts)
کپتان کے سربراہی میں قائد کے پرانے اور بوسیدہ پاکستان کی مکمل تباہی کی منزل اب قریب تر
قوم مقروض سے مقروض تر ہوگئی


Public debt jumps Rs3.7tr in a year​


ISLAMABAD:
The federal government’s debt grew at a double-digit pace to Rs35.8 trillion by November 2020 on an annualised basis, an addition of Rs3.7 trillion in one year, as it faces pressure to reduce dependency on short-term debt to minimise the refinancing risks.

The central government debt, which was Rs32.1 trillion in November 2019, surged to Rs35.8 trillion within a year, reported the State Bank of Pakistan (SBP) on Monday. There was an increase of Rs3.7 trillion or 11.5% in the debt stock, according to the central bank.

The Rs35.8 trillion debt was exclusive of the International Monetary Fund (IMF) debt as the Fund’s loan was recorded on the balance sheet of central bank.

The debt stock is also exclusive of the liabilities that the government indirectly owes to creditors. Thus, the gross public debt is far higher than the central government debt.

When Imran Khan became prime minister, the central government’s debt was close to Rs24.2 trillion and the last Pakistan Muslim League-Nawaz (PML-N) government added Rs5.65 billion a day to the public debt.

On average, per day addition to the public debt has jumped to Rs13.2 billion since the Pakistan Tehreek-e-Insaf (PTI) came to power.

The central government debt comprises long and short-term domestic and external debt.

The SBP report showed that the central government’s total domestic debt increased from Rs21.4 trillion in November 2019 to Rs24.1 trillion by November of current fiscal year. There was a net addition of Rs2.7 trillion or 12.6% to the domestic debt.

The report showed that a major increase in the federal government’s debt was on account of long-term debt, which swelled from Rs16.6 trillion to Rs19.1 trillion in one year. There was an increase of Rs2.5 trillion or 15% in the long-term debt.

It was largely because of the government’s decision to convert its short-term borrowing from the central bank to long-term debt. This helped increase the maturity period of debt but also increased the cost of debt servicing.

Sources said that the government was facing pressure from the IMF to enhance the maturity period of its debt. Due to the reason, it had to accept bids in the last bond auction, which were higher than the previous borrowing rates.

In the latest auction in January, the Ministry of Finance accepted bids for five-year and 10-year bonds at 1% higher rates than the previous borrowing. The cut-off yield of both five-year and 10-year bonds rose 1% to 9.53% and 9.99% from the last auction.

The market has taken this as an indication of the increase in policy rate by the central bank in coming months as the government is gearing up to revive the stalled IMF loan programme.

Short-term domestic debt increased at a relatively slower pace, from Rs4.8 trillion to Rs5 trillion by November 2020 due to shift in borrowing to long-term instruments.

The federal government’s debt, acquired through the sale of Market Treasury Bills (MTBs) to commercial banks, increased from Rs4.2 trillion to Rs5 trillion, a surge of Rs768 billion.

External debt of the central government increased from Rs10.7 trillion to Rs11.7 trillion by the end of November 2020, an increase of Rs991 billion or 9.2% in one year.

The government’s debt is growing at a double-digit pace due to its inability to enhance revenue at rates that are sufficient to absorb the growing current expenditures. The Federal Board of Revenue’s (FBR) tax collection grew at less than 5% rate in the first half of current fiscal year.

The federal budget deficit soared to nearly Rs1 trillion in the first five months of current fiscal year, despite a continued squeeze on defence and development spending and keeping some expenditures off the books.

Overall, the total federal government expenditures increased 14.5% to Rs2.4 trillion during the July-November period. Expenses were higher by Rs300 billion compared to the same period of last year.

Out of the increase of Rs300 billion, an additional spending of Rs244 billion was on account of debt servicing, which means other expenditures of the federal government remained almost at the same level compared to last year.

During the July-November period, the net increase in the central government debt was Rs715 billion, which was in line with the federal budget deficit.

The difference between Rs1 trillion federal budget deficit and Rs715 billion increase in debt was because of cash surplus generated by provinces and benefit of currency appreciation.

Published in The Express Tribune, January 19th, 2021.

 
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Danishshakil

Councller (250+ posts)
کپتان کے سربراہی میں قائد کے پرانے اور بوسیدہ پاکستان کی مکمل تباہی کی منزل اب قریب تر
قوم مقروض سے مقروض تر ہوگئی


Public debt jumps Rs3.7tr in a year​


ISLAMABAD:
The federal government’s debt grew at a double-digit pace to Rs35.8 trillion by November 2020 on an annualised basis, an addition of Rs3.7 trillion in one year, as it faces pressure to reduce dependency on short-term debt to minimise the refinancing risks.

The central government debt, which was Rs32.1 trillion in November 2019, surged to Rs35.8 trillion within a year, reported the State Bank of Pakistan (SBP) on Monday. There was an increase of Rs3.7 trillion or 11.5% in the debt stock, according to the central bank.

The Rs35.8 trillion debt was exclusive of the International Monetary Fund (IMF) debt as the Fund’s loan was recorded on the balance sheet of central bank.

The debt stock is also exclusive of the liabilities that the government indirectly owes to creditors. Thus, the gross public debt is far higher than the central government debt.

When Imran Khan became prime minister, the central government’s debt was close to Rs24.2 trillion and the last Pakistan Muslim League-Nawaz (PML-N) government added Rs5.65 billion a day to the public debt.

On average, per day addition to the public debt has jumped to Rs13.2 billion since the Pakistan Tehreek-e-Insaf (PTI) came to power.

The central government debt comprises long and short-term domestic and external debt.

The SBP report showed that the central government’s total domestic debt increased from Rs21.4 trillion in November 2019 to Rs24.1 trillion by November of current fiscal year. There was a net addition of Rs2.7 trillion or 12.6% to the domestic debt.

The report showed that a major increase in the federal government’s debt was on account of long-term debt, which swelled from Rs16.6 trillion to Rs19.1 trillion in one year. There was an increase of Rs2.5 trillion or 15% in the long-term debt.

It was largely because of the government’s decision to convert its short-term borrowing from the central bank to long-term debt. This helped increase the maturity period of debt but also increased the cost of debt servicing.

Sources said that the government was facing pressure from the IMF to enhance the maturity period of its debt. Due to the reason, it had to accept bids in the last bond auction, which were higher than the previous borrowing rates.

In the latest auction in January, the Ministry of Finance accepted bids for five-year and 10-year bonds at 1% higher rates than the previous borrowing. The cut-off yield of both five-year and 10-year bonds rose 1% to 9.53% and 9.99% from the last auction.

The market has taken this as an indication of the increase in policy rate by the central bank in coming months as the government is gearing up to revive the stalled IMF loan programme.

Short-term domestic debt increased at a relatively slower pace, from Rs4.8 trillion to Rs5 trillion by November 2020 due to shift in borrowing to long-term instruments.

The federal government’s debt, acquired through the sale of Market Treasury Bills (MTBs) to commercial banks, increased from Rs4.2 trillion to Rs5 trillion, a surge of Rs768 billion.

External debt of the central government increased from Rs10.7 trillion to Rs11.7 trillion by the end of November 2020, an increase of Rs991 billion or 9.2% in one year.

The government’s debt is growing at a double-digit pace due to its inability to enhance revenue at rates that are sufficient to absorb the growing current expenditures. The Federal Board of Revenue’s (FBR) tax collection grew at less than 5% rate in the first half of current fiscal year.

The federal budget deficit soared to nearly Rs1 trillion in the first five months of current fiscal year, despite a continued squeeze on defence and development spending and keeping some expenditures off the books.

Overall, the total federal government expenditures increased 14.5% to Rs2.4 trillion during the July-November period. Expenses were higher by Rs300 billion compared to the same period of last year.

Out of the increase of Rs300 billion, an additional spending of Rs244 billion was on account of debt servicing, which means other expenditures of the federal government remained almost at the same level compared to last year.

During the July-November period, the net increase in the central government debt was Rs715 billion, which was in line with the federal budget deficit.

The difference between Rs1 trillion federal budget deficit and Rs715 billion increase in debt was because of cash surplus generated by provinces and benefit of currency appreciation.

Published in The Express Tribune, January 19th, 2021.

Acha tariqa hai, to cover fucked up stuff Ur leader did in past, create anarcy.
 

immii

Senator (1k+ posts)
میڈیا کی حرام خور طوائفیں صحافیوں کا ٹولہ جو دن رات اپنے حرام خور باپ نواج شریف کے ترانے گاتے رہتے ہیں کہ نواج شریف کرپٹ نہیں تھا پٹواریوں کو کب بتائیں گے کہ ھمارا کرپٹ روحانی باپ نواج شریف کرپٹ تھا جھوٹا تھا سیسیلن مافیا تھا سرٹیفائیڈ پروفیشنل چور تھا
 

Danishshakil

Councller (250+ posts)
کپتان کے سربراہی میں قائد کے پرانے اور بوسیدہ پاکستان کی مکمل تباہی کی منزل اب قریب تر
قوم مقروض سے مقروض تر ہوگئی


Public debt jumps Rs3.7tr in a year​


ISLAMABAD:
The federal government’s debt grew at a double-digit pace to Rs35.8 trillion by November 2020 on an annualised basis, an addition of Rs3.7 trillion in one year, as it faces pressure to reduce dependency on short-term debt to minimise the refinancing risks.

The central government debt, which was Rs32.1 trillion in November 2019, surged to Rs35.8 trillion within a year, reported the State Bank of Pakistan (SBP) on Monday. There was an increase of Rs3.7 trillion or 11.5% in the debt stock, according to the central bank.

The Rs35.8 trillion debt was exclusive of the International Monetary Fund (IMF) debt as the Fund’s loan was recorded on the balance sheet of central bank.

The debt stock is also exclusive of the liabilities that the government indirectly owes to creditors. Thus, the gross public debt is far higher than the central government debt.

When Imran Khan became prime minister, the central government’s debt was close to Rs24.2 trillion and the last Pakistan Muslim League-Nawaz (PML-N) government added Rs5.65 billion a day to the public debt.

On average, per day addition to the public debt has jumped to Rs13.2 billion since the Pakistan Tehreek-e-Insaf (PTI) came to power.

The central government debt comprises long and short-term domestic and external debt.

The SBP report showed that the central government’s total domestic debt increased from Rs21.4 trillion in November 2019 to Rs24.1 trillion by November of current fiscal year. There was a net addition of Rs2.7 trillion or 12.6% to the domestic debt.

The report showed that a major increase in the federal government’s debt was on account of long-term debt, which swelled from Rs16.6 trillion to Rs19.1 trillion in one year. There was an increase of Rs2.5 trillion or 15% in the long-term debt.

It was largely because of the government’s decision to convert its short-term borrowing from the central bank to long-term debt. This helped increase the maturity period of debt but also increased the cost of debt servicing.

Sources said that the government was facing pressure from the IMF to enhance the maturity period of its debt. Due to the reason, it had to accept bids in the last bond auction, which were higher than the previous borrowing rates.

In the latest auction in January, the Ministry of Finance accepted bids for five-year and 10-year bonds at 1% higher rates than the previous borrowing. The cut-off yield of both five-year and 10-year bonds rose 1% to 9.53% and 9.99% from the last auction.

The market has taken this as an indication of the increase in policy rate by the central bank in coming months as the government is gearing up to revive the stalled IMF loan programme.

Short-term domestic debt increased at a relatively slower pace, from Rs4.8 trillion to Rs5 trillion by November 2020 due to shift in borrowing to long-term instruments.

The federal government’s debt, acquired through the sale of Market Treasury Bills (MTBs) to commercial banks, increased from Rs4.2 trillion to Rs5 trillion, a surge of Rs768 billion.

External debt of the central government increased from Rs10.7 trillion to Rs11.7 trillion by the end of November 2020, an increase of Rs991 billion or 9.2% in one year.

The government’s debt is growing at a double-digit pace due to its inability to enhance revenue at rates that are sufficient to absorb the growing current expenditures. The Federal Board of Revenue’s (FBR) tax collection grew at less than 5% rate in the first half of current fiscal year.

The federal budget deficit soared to nearly Rs1 trillion in the first five months of current fiscal year, despite a continued squeeze on defence and development spending and keeping some expenditures off the books.

Overall, the total federal government expenditures increased 14.5% to Rs2.4 trillion during the July-November period. Expenses were higher by Rs300 billion compared to the same period of last year.

Out of the increase of Rs300 billion, an additional spending of Rs244 billion was on account of debt servicing, which means other expenditures of the federal government remained almost at the same level compared to last year.

During the July-November period, the net increase in the central government debt was Rs715 billion, which was in line with the federal budget deficit.

The difference between Rs1 trillion federal budget deficit and Rs715 billion increase in debt was because of cash surplus generated by provinces and benefit of currency appreciation.

Published in The Express Tribune, January 19th, 2021.

کپتان کے سربراہی میں قائد کے پرانے اور بوسیدہ پاکستان کی مکمل تباہی کی منزل اب قریب تر
قوم مقروض سے مقروض تر ہوگئی


Public debt jumps Rs3.7tr in a year​


ISLAMABAD:
The federal government’s debt grew at a double-digit pace to Rs35.8 trillion by November 2020 on an annualised basis, an addition of Rs3.7 trillion in one year, as it faces pressure to reduce dependency on short-term debt to minimise the refinancing risks.

The central government debt, which was Rs32.1 trillion in November 2019, surged to Rs35.8 trillion within a year, reported the State Bank of Pakistan (SBP) on Monday. There was an increase of Rs3.7 trillion or 11.5% in the debt stock, according to the central bank.

The Rs35.8 trillion debt was exclusive of the International Monetary Fund (IMF) debt as the Fund’s loan was recorded on the balance sheet of central bank.

The debt stock is also exclusive of the liabilities that the government indirectly owes to creditors. Thus, the gross public debt is far higher than the central government debt.

When Imran Khan became prime minister, the central government’s debt was close to Rs24.2 trillion and the last Pakistan Muslim League-Nawaz (PML-N) government added Rs5.65 billion a day to the public debt.

On average, per day addition to the public debt has jumped to Rs13.2 billion since the Pakistan Tehreek-e-Insaf (PTI) came to power.

The central government debt comprises long and short-term domestic and external debt.

The SBP report showed that the central government’s total domestic debt increased from Rs21.4 trillion in November 2019 to Rs24.1 trillion by November of current fiscal year. There was a net addition of Rs2.7 trillion or 12.6% to the domestic debt.

The report showed that a major increase in the federal government’s debt was on account of long-term debt, which swelled from Rs16.6 trillion to Rs19.1 trillion in one year. There was an increase of Rs2.5 trillion or 15% in the long-term debt.

It was largely because of the government’s decision to convert its short-term borrowing from the central bank to long-term debt. This helped increase the maturity period of debt but also increased the cost of debt servicing.

Sources said that the government was facing pressure from the IMF to enhance the maturity period of its debt. Due to the reason, it had to accept bids in the last bond auction, which were higher than the previous borrowing rates.

In the latest auction in January, the Ministry of Finance accepted bids for five-year and 10-year bonds at 1% higher rates than the previous borrowing. The cut-off yield of both five-year and 10-year bonds rose 1% to 9.53% and 9.99% from the last auction.

The market has taken this as an indication of the increase in policy rate by the central bank in coming months as the government is gearing up to revive the stalled IMF loan programme.

Short-term domestic debt increased at a relatively slower pace, from Rs4.8 trillion to Rs5 trillion by November 2020 due to shift in borrowing to long-term instruments.

The federal government’s debt, acquired through the sale of Market Treasury Bills (MTBs) to commercial banks, increased from Rs4.2 trillion to Rs5 trillion, a surge of Rs768 billion.

External debt of the central government increased from Rs10.7 trillion to Rs11.7 trillion by the end of November 2020, an increase of Rs991 billion or 9.2% in one year.

The government’s debt is growing at a double-digit pace due to its inability to enhance revenue at rates that are sufficient to absorb the growing current expenditures. The Federal Board of Revenue’s (FBR) tax collection grew at less than 5% rate in the first half of current fiscal year.

The federal budget deficit soared to nearly Rs1 trillion in the first five months of current fiscal year, despite a continued squeeze on defence and development spending and keeping some expenditures off the books.

Overall, the total federal government expenditures increased 14.5% to Rs2.4 trillion during the July-November period. Expenses were higher by Rs300 billion compared to the same period of last year.

Out of the increase of Rs300 billion, an additional spending of Rs244 billion was on account of debt servicing, which means other expenditures of the federal government remained almost at the same level compared to last year.

During the July-November period, the net increase in the central government debt was Rs715 billion, which was in line with the federal budget deficit.

The difference between Rs1 trillion federal budget deficit and Rs715 billion increase in debt was because of cash surplus generated by provinces and benefit of currency appreciation.

Published in The Express Tribune, January 19th, 2021.

پاکستانی طیارہ ملائیشیا میں روکنے کا معاملہ۔

اصل کہانی سامنے آگئی ۔
ملائیشیا گورنمنٹ کا کہنا ہے کہ گورنمنٹ نے جہاز نہیں روکا جس کمپنی سے بھارت نواز نے لیز پر جہاز لیا تھا انکا فیصلہ ہے۔
اب جہاز جس کمپنی سے لیز پر لیا ہے اسکا ڈائریکٹر انڈین ہے اور جس جج نے فیصلہ سنایا ہے وہ بھی انڈین نکلا ۔
کرونا کی وجہ سے معیشت پر اثر پڑا تو پاکستان نے لیز کی اقساط کے لئے کچھ وقت مانگا تھا جو کہ وہاں کی عدالت میں چل رہا تھا پھر اچانک پاکستان کو وارننگ دئیے بغیر ایک دم فیصلہ ہوتا ہے کہ جہاز ضبط کر لیا جائے اور پاکستان نے جب جواب مانگا تو ملائیشیا گورنمنٹ نے جہاز روکنے پر ساری بات کورٹ اور جہاز کمپنی پر رکھ دی۔
وزیر خارجہ پاکستان کا ملائیشیا کے وزیر خارجہ سے رابطہ ہوا جس پر ملائیشیا کے وزیر خارجہ نے اس حرکت پر سخت ایکشن کی یقین دہانی کروائی ہے ۔
یاد رہے یہ صرف جہاز لیز پر نہیں لئے ان لوگوں نے اپنے دور میں موٹروے اور ایئرپورٹ تک گروی رکھوا کر گئے ہیں جو پیسے موجودہ حکومت بھر رہی ہے ۔
یہ وطن کے غدار تو اتنا گر سکتے ہیں کہ اگر پاک فوج نہیں ہوتی تو یہ ایٹمی پلانٹ بھی بیچ دیتے۔
اور پٹواری دن رات منہ اوپر کر کے ۔۔۔۔۔۔۔۔جا رہے ہیں ذرا حوصلہ رکھو ابھی خان کے اڑھاٸی سال ہوۓ ہیں۔اس ملک میں پینتیس سال ملک کا بیڑا غرق کرنے والوں اور حکومت کرنے والوں کو دوبارہ ملک نہیں ملیگا انشاءاللہ
 

Okara

Chief Minister (5k+ posts)
Rajarawal111
Based on the provided information in this thread the total debt of Pakistan is Rs35.8tr which is equating to US $223Bn. If we use the Ishaq Dar interest rate which he announced for Sukuk Bonds in 2016 a 5.5% the annual interest payments will be US $12.26 Bn per year.
In Pakistan the total Tax collection is US $26 Bn.
If we use the 2019 numbers the total debt was US $200bn then Annual interest payments will be US $11Bn.
Please advise how can we run Pakistan with this kind of debt vs Tax collection?
 

Okara

Chief Minister (5k+ posts)
Rajarawal111
I have used the data from the following link
https://www.dawn.com/news/1442378
And Historical Exchange Rates are from
https://www.xe.com
Please see this table
Year​
Debt in Pak Rs (Billions)​
Exchange Rate during this time​
Debt in US Dollar (Billions)​
Debt in 5 Years US Dollar (Billions)​
Avg Debt per year in US $ (Billions)​
2008​
6,435.00​
68.25​
94.29​
2013​
15,096.00​
99.45​
151.80​
57.51​
11.50​
2018​
26,968.00​
121.73​
221.54​
69.74​
13.95​
 

Okara

Chief Minister (5k+ posts)
Rajarawal111
According to State Bank of Pakistan the Debt of Pakistan in Nov 2020 was Pak Rs 35,822.6 Billions with exchange rate of 159.29 this Debt in US $ was $224.97. As in 2018 this debt was $221.54 so the difference between 2018 and Nov2020 is $3.43. So Avg debt added per year by PTI government is $1.72 billions.
Here is the summary
Avg Debt added per year by PPP 11.50
Avg Debt added per year by PMLN 13.95
Avg Debt added per year by PTI 1.72
This means PMLN is an experienced party.
 
Last edited:

miafridi

Prime Minister (20k+ posts)
The devil is in the details.

The articles says about the debt increase in PTI era, but won't tell you that even before elections it was already known that any new government will have to take at least $12 billion immediate loan to balance the current account deficit only(and the $20 billion CAD during PML_N's era meant that debt of similar nature was mandatory for Pakistan for many years to come unless it managed the huge current account deficit), but now this debt is put into PTI's account as well and excluded from PML-N.

Fortunately for Pakistan PTI worked hard and has reduced the rate of taking the loan by reducing the current account deficit to remarkable levels, but it will still take time to get out of the debt trap that PML-N has put Pakistan into.
 
Last edited:

abdlsy

Prime Minister (20k+ posts)
کپتان کے سربراہی میں قائد کے پرانے اور بوسیدہ پاکستان کی مکمل تباہی کی منزل اب قریب تر
قوم مقروض سے مقروض تر ہوگئی


Public debt jumps Rs3.7tr in a year​


ISLAMABAD:
The federal government’s debt grew at a double-digit pace to Rs35.8 trillion by November 2020 on an annualised basis, an addition of Rs3.7 trillion in one year, as it faces pressure to reduce dependency on short-term debt to minimise the refinancing risks.

The central government debt, which was Rs32.1 trillion in November 2019, surged to Rs35.8 trillion within a year, reported the State Bank of Pakistan (SBP) on Monday. There was an increase of Rs3.7 trillion or 11.5% in the debt stock, according to the central bank.

The Rs35.8 trillion debt was exclusive of the International Monetary Fund (IMF) debt as the Fund’s loan was recorded on the balance sheet of central bank.

The debt stock is also exclusive of the liabilities that the government indirectly owes to creditors. Thus, the gross public debt is far higher than the central government debt.

When Imran Khan became prime minister, the central government’s debt was close to Rs24.2 trillion and the last Pakistan Muslim League-Nawaz (PML-N) government added Rs5.65 billion a day to the public debt.

On average, per day addition to the public debt has jumped to Rs13.2 billion since the Pakistan Tehreek-e-Insaf (PTI) came to power.

The central government debt comprises long and short-term domestic and external debt.

The SBP report showed that the central government’s total domestic debt increased from Rs21.4 trillion in November 2019 to Rs24.1 trillion by November of current fiscal year. There was a net addition of Rs2.7 trillion or 12.6% to the domestic debt.

The report showed that a major increase in the federal government’s debt was on account of long-term debt, which swelled from Rs16.6 trillion to Rs19.1 trillion in one year. There was an increase of Rs2.5 trillion or 15% in the long-term debt.

It was largely because of the government’s decision to convert its short-term borrowing from the central bank to long-term debt. This helped increase the maturity period of debt but also increased the cost of debt servicing.

Sources said that the government was facing pressure from the IMF to enhance the maturity period of its debt. Due to the reason, it had to accept bids in the last bond auction, which were higher than the previous borrowing rates.

In the latest auction in January, the Ministry of Finance accepted bids for five-year and 10-year bonds at 1% higher rates than the previous borrowing. The cut-off yield of both five-year and 10-year bonds rose 1% to 9.53% and 9.99% from the last auction.

The market has taken this as an indication of the increase in policy rate by the central bank in coming months as the government is gearing up to revive the stalled IMF loan programme.

Short-term domestic debt increased at a relatively slower pace, from Rs4.8 trillion to Rs5 trillion by November 2020 due to shift in borrowing to long-term instruments.

The federal government’s debt, acquired through the sale of Market Treasury Bills (MTBs) to commercial banks, increased from Rs4.2 trillion to Rs5 trillion, a surge of Rs768 billion.

External debt of the central government increased from Rs10.7 trillion to Rs11.7 trillion by the end of November 2020, an increase of Rs991 billion or 9.2% in one year.

The government’s debt is growing at a double-digit pace due to its inability to enhance revenue at rates that are sufficient to absorb the growing current expenditures. The Federal Board of Revenue’s (FBR) tax collection grew at less than 5% rate in the first half of current fiscal year.

The federal budget deficit soared to nearly Rs1 trillion in the first five months of current fiscal year, despite a continued squeeze on defence and development spending and keeping some expenditures off the books.

Overall, the total federal government expenditures increased 14.5% to Rs2.4 trillion during the July-November period. Expenses were higher by Rs300 billion compared to the same period of last year.

Out of the increase of Rs300 billion, an additional spending of Rs244 billion was on account of debt servicing, which means other expenditures of the federal government remained almost at the same level compared to last year.

During the July-November period, the net increase in the central government debt was Rs715 billion, which was in line with the federal budget deficit.

The difference between Rs1 trillion federal budget deficit and Rs715 billion increase in debt was because of cash surplus generated by provinces and benefit of currency appreciation.

Published in The Express Tribune, January 19th, 2021.

Ubhee toe theek hoerahaa hae.
News nahee purhtae puppoo
 
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