miafridi
Prime Minister (20k+ posts)
Domestic, external debts decrease against last year’s figures
The country’s total debt-to-GDP ratio decreased to 83.5% on June 30 this year, declining from 87.6% on June 30 last year, a statement by the Ministry of Finance said on Wednesday.
Responding to media reports, the statement said that both domestic and external debts showed a downward trend against figures for last year.
The domestic debt dipped to 55.1% of GDP, down from 56% last year.
Similarly, the external debt-to-GDP ratio decreased to 28.5% from 31.6% last year.
The statement mentioned that the best way to evaluate debt trend was through measure it through the debt-to-GDP ratio.
However, the statement clarified that the debt had increased in line with the fiscal deficit.
https://www.samaa.tv/money/2021/10/pakistans-total-debt-to-gdp-ratio-declines-to-83-5-says-ministry/
