Evolution of public debt
Pakistan today is one of the Asian countries with a relatively high level of public debt in relation to the GDP. As of the end of 2023-24, public debt was…
Rising public debt
The SBP (State Bank of Pakistan) has released figures of total debt and public debt of Pakistan as of end-June 2024. The total public debt of the federal government consists…
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…
Rising public debt
The extremely worrying indicator today is the large and rapidly growing level of public debt, including the external liabilities, in Pakistan. As of the end of December 2022 it stands…
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?
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?
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
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…
