Public debt increases by 4.28% in July-Feb

Public debt increases by 4.28% in July-Feb

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The public debt of Pakistan has hiked up to Rs.1.505 trillion or 4.28% in the duration of July to February. By the end of February 2021, the public debt stays at Rs.36.612 trillion as compared to Rs33.417 trillion in February 2020.

The data has drastically increased on the borrowing side of domestic government i.e. 6.43% and the foreign government debt has climbed up to 0.06%.

However, the FBR tax collection has strengthened and crossed the eight months’ target by Rs17 billion. The record of these 8 months explains the fiscal year will reach the set target.

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Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

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