The federal government’s total debt, which includes both domestic and external liabilities, experienced a slight increase of 1.6% in June 2024 compared to May 2024.
According to a report from the State Bank of Pakistan (SBP) released on Thursday, the total stock of the central government’s domestic and external debt reached Rs 68.914 trillion by the end of June 2024, up from Rs 67.816 trillion at the end of May 2024, reflecting an increase of Rs 1.098 trillion.
A closer look at the figures reveals a significant rise in the central government’s short-term domestic debt. The external debt of the central government increased by 0.7%, or Rs 146 billion, reaching Rs 21.754 trillion in June 2024, compared to Rs 21.608 trillion in May 2024.
On the domestic side, the total domestic debt of the central government rose to Rs 47.160 trillion in June 2024, marking a 2.1% increase of Rs 952 billion from Rs 46.208 trillion in May 2024.
As of March-end, public debt stood at Rs 67.525 trillion.
The long-term domestic debt of the central government grew to Rs 36.828 trillion in June 2024, up from Rs 36.599 trillion in May 2024, representing a 0.6% increase.
In contrast, the government’s short-term domestic debt saw a notable increase of 7.6%, reaching Rs 10.248 trillion in June, compared to Rs 9.522 trillion in May, which translates to a monthly rise of Rs 726 billion.
However, liabilities related to the Naya Pakistan Certificates (NPC) decreased by 3.1%, totaling Rs 84 billion in June, down from Rs 87 billion in May.
