Pakistan’s total debt and liabilities have sharply risen to nearly Rs81 trillion, which is now equivalent to three-fourths of the national economy. This amount exceeds the limit set by the Fiscal Responsibility and Debt Limitation Act by approximately 15%.
In the past year alone, Pakistan’s debt increased by Rs8.4 trillion, bringing its total liabilities to Rs81 trillion. This marks a significant 12% rise, translating to an increase of Rs31 billion every day.
As of March, the gross public debt managed by the finance ministry reached Rs67.5 trillion. Simultaneously, the federal budget deficit hit a record high of Rs6.7 trillion due to expansive government policies aimed at stimulating the economy.
Debt incurred by Public Sector Enterprises also escalated, reaching Rs3.8 trillion to offset their deficits.
