Karachi November 16 2022: As per data released by State Bank of Pakistan, the central Government debt decreased by PKR 118 billion to PKR 49,399 billion which is 63.2 percent of GDP as of September 2022.
The main reason for decrease in central Government debt is decline in central government domestic debt due to reduction in outstanding Market Treasury Bills by an amount of PKR 759 billion.
Pakistan made mark-up payment of PKR 953 billion during the first quarter of fiscal year 2023 and PKR 3,182 billion during the full fiscal year 2021-22 compared to 2,750 billion during the fiscal year 2020-21, which is nearly half of the FBR revenue of PKR 6,755 billion in fiscal year 2021-22.
Domestic debt decreased by PKR 696 billion to PKR 31,402 billion in a month. The domestic debt is 63.6 percent of total debt and 40.1 percent of GDP.
External debt increased by PKR 578 billion to PKR 17,997 billion in a month due to depreciation of rupee to 228.04 against dollar when compared with 218.74 in last month. The proportion of external debt is increased to 36.4 percent in September 2022 from 35.2 percent in August 2022.
In one year, central Government Debt increased by PKR 9,130 billion from PKR 40,269 billion in September 2021, according to Central Bank data. During the same period external debt increased by PKR 4,172 billion while domestic debt increased by 4,957 billion.
Pakistan fiscal deficit amounts to Rs 809 billion in the first quarter of fiscal year 2023 compared with Rs 438 billion of corresponding period last year, according to Ministry of Finance. However, country reported primary surplus of Rs 145 billion which is also 21 percent lower when compared with the same period last year,
