Currency depreciation and the indiscreet policies of the Pakistani government led the debt to skyrocket.
According to the data shared by the State Bank of Pakistan, a clear increase in the debt ratio can be seen as compared to last year’s report.
The central government’s total debt increased by Rs. 57.13 trillion, while domestic debt also remained high at Rs. 35.076 trillion. It should be noted that these ratios were 43.013 and 28.077 trillion in the last year, 2022, respectively.
While the public fund debt remained the same, foreign currency loans jumped to Rs. 296 billion from Rs. 8 billion.
The report’s analysis clearly depicted an increase of Rs. 14 trillion in one year, which is indeed a very alarming situation for the country’s establishment and sustainability.
