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Public debt distress

The unprecedented fiscal firepower used to protect the vulnerable from the harsh socio-economic impact of the Covid-19 pandemic and the resulting economic contraction have pushed the average government debt level…

Soaring public debt

The latest estimate of the stock of public debt of Pakistan by the SBP (State Bank of Pakistan) as of end-March 2022 is a staggering Rs 44.4 trillion. In effect,…

The rising public debt burden

The public debt of Pakistan consists of the domestic and external debt of the government plus debt owed to the IMF (International Monetary Fund). Table 1 below shows that it…

Public debt on an explosive path

Even though a clamouring about previous government's contribution to public debt had started from the beginning, things were relatively contained during the period the country was undergoing the IMF program.…

Public Debt: Boon Or Bane?

Public debt: boon or bane?

We now turn to the use of the proceeds of public debt. For this purpose, it is important to understand the system of fiscal management in the country. This is…

Public Debt: Boon Or Bane?

Public debt: boon or bane?

Few subjects have received as much attention in recent years as the subject of public debt did – that too mostly negative. The subject has been so maligned that ordinary…

Public Debt Management

Public debt management

When the present government started its term in June 2013, it inherited challenges like large fiscal deficit, rising debt burden, unfavourable balance of payments, low foreign exchange reserves, poor growth…

Public Debt: Then And Now

Public debt: then and now

Federal Finance Minister Ishaq Dar never tires of comparing the performance of key macro-economic indicators during the five-year tenure of the PPP-led coalition government with his own one year's performance.…

Macroeconomic Stability And Public Debt

Macroeconomic stability and public debt

An appraisal of the government’s strategy to achieve macroeconomic stability by leaning on the International Monetary Fund (IMF), for credit inflow reflected in its new bid, for which a formal…