Central Govt’s Debt mounted to Rs. 35.68Trn during September

As per the data released by the State Bank of Pakistan (SBP) Debt of Central Government during the month of September 2020 was recorded at Rs.35.68Trn, surged by 7.34% YoY basis. Whereas, on a monthly basis, the debt figure remained stable.

Out of the total debt, 66% debt was from domestic sources while remaining 34% was from external sources.

The Central Government Domestic Debt amounted to Rs. 23.7 trillion during the month, signifying a growth of 5% YoY, while on monthly basis, it depicted a marginal increase only.

Central government’s domestic debt is divided into two broad categories:

  • Long-term debt
  • Short-term debt

Within the long-term domestic debt, the Pakistan Investment Bonds (PIBs) accounted for Rs. 13.6 trillion, and Saving Schemes accounted for Rs. 3.53 trillion.

With regards to the government’s short-term debt clocked in at Rs 5.1 trillion, depicting a decline of 22% YoY and 3% MoM.

In the short-term, the major portion of the debt was MTBs which amounted to Rs 5 trillion, portraying a reduction of 14% YoY and 3% MoM. 

Meanwhile, the Central government’s External debt recorded at Rs 11.98 trillion, surge by 13% YoY and a decline of  1% MoM,

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