The State Bank of Pakistan (SBP) has revealed comprehensive details of the government’s borrowing activities during the fiscal year 2023. The report sheds light on the magnitude of loans acquired by the government as well as the total debt burden at the close of the fiscal year.
Loan Figures for Fiscal Year 2023: In the fiscal year 2023, the government has obtained loans amounting to a total of 13.7 trillion rupees. These borrowings have been utilized to address various financial needs and obligations of the government during the specified period.
Total Government Debt at Fiscal Year’s End: As of the conclusion of the fiscal year 2023, the overall debt incurred by the government stands at a staggering 60.8 trillion rupees. This cumulative debt burden reflects the culmination of both domestic and external borrowings, underscoring the financial challenges and obligations faced by the government.
Composition of Government Debt: The report further delves into the composition of the government’s debt portfolio. At the close of the fiscal year 2023, the domestic debt of the government is reported to be 38.8 trillion rupees. This reflects the accumulated liabilities and obligations incurred within the country.
Conversely, the external debt of the government has reached 22.03 trillion rupees. This category encompasses the debt obligations and borrowings sourced from international entities and organizations.
The comprehensive data presented by the State Bank of Pakistan offers insights into the government’s fiscal activities, highlighting the extent of borrowings undertaken to meet various financial commitments and operational needs. The detailed breakdown of debt serves as a critical reference for understanding the financial landscape and obligations of the government during the fiscal year 2023.
As the government grapples with managing its debt burden and ensuring fiscal sustainability, these figures play a crucial role in informing policy decisions and financial strategies moving forward.
