Govt. domestic debt increases by 13.6pc to Rs17,536 billion

KARACHI: The volume of domestic debt has increased by 13.6 percent to Rs17,536 billion by end-December 2018 as compared with Rs15,437 billion in the same month a year ago, according to State Bank of Pakistan (SBP) statistics released on Friday.



The central bank issued data of government domestic debt and liabilities, which revealed details of permanent debt, floating debt, unfunded debt and foreign currency loans.

The permanent debt of the government showed decline by 13 percent to Rs4,377 billion by December-end 2018 as compared Rs5,033 billion in the same month of the last year.

Under the component of permanent debt, the burden of federal government bonds reduced to Rs3,445 billion from Rs4,237 billion.

However, prize bonds, which include registered prize bonds, increased to Rs928 billion as against Rs792.7 billion.

The floating debt on the other hand sharply increased by 35.56 percent to Rs10,288 billion by December end 2018 as compared with Rs7,589 billion in the same month of the last year.

Under this component the government loans for budget financing through Market Treasury Bills (MTBs) increased to Rs5,318 billion from Rs4,830 billion.

While MTBs for replenishment of cash increased to Rs4,970 billion as against Rs2,552 billion.

The unfunded debt is flat at Rs2,865 billion by December end 2018 from Rs2,810 billion. The component of saving schemes under this head was at Rs2,725 billion as compared with Rs2,677 billion.

The domestic liabilities reflecting provincial governments’ borrowing from banks for commodity operations increased to Rs504 billion as compared with Rs452 billion.

Therefore, the total government domestic debt and liabilities soared to Rs18,040 billion by December 2018 as compared with Rs15,889 billion in the same month of the preceding year.

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