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,