Pakistan’s Outstanding Debt Reaches Rs 20.73 Trillion in December

The total debt of Pakistan at the end of the preceding month was Rs. 20.64 trillion, or Rs 93.53 billion in addition borrowed during this month alone, while Pakistan’s debt was outstanding on December 31, 2019 at Rs. 20.73 trillion.

The current debt situation is approximately Rs.2.36 trillion up this time, with an increase of 12.87 percent year on year, compared to the same time last year when debt was outstanding at Rs.18.37 trillion.

The total accumulation of the country’s credit during the June-Dec six months has increased by Rs. 506.49 billion, with the total remaining debt at Rs. 20.22 trillion at the beginning of this fiscal year’s June 30, 2019 fiscal year.  This means that Pakistan’s outstanding debts have broadened by 2.5 percent this fiscal year.

The total outstanding credit is branched into the amount accumulated by government sector and that accumulated by the non-government sector. Out of the total outstanding loan, credit given to the government sector accounts for Rs.12.68 trillion while credit to non-government sectors account for Rs.8.05 trillion.

Credit to Government Sector

The net government sector loan of the State Bank of Pakistan is Rs.5.95 trillion, including government securities and deposit investments as well as other direct loans. In these six months, a total of Rs 731,44 billion or 10,95 percent has been withdrawn by the central bank.

Meanwhile the sector’s second most important source of finance is the net credit of the Scheduled Bank, which stands at 6.73 trillion rounds, which is Rs.1.01 trillion higher than the outstanding loan at the start of the financial year.

Credit to Non-Government Sector

The State Bank’s claim to outstanding credit of this particular sector is comparatively negligible (only Rs.25.69 billion), while on the b-side, scheduled banks have a claim to up to Rs.8.03 trillion as of the end of this month.

At the end of previous month (November 2019), the outstanding amount owed to these banks was Rs.7.84 trillion indicating that Rs.186.31 billion were additionally borrowed during the month whereas during ongoing fiscal year, Rs.227.13 billion were further accumulated.

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