Country's total public debt stands Rs 28,607bn till March 2019

ISLAMABAD: The country’s total public debt was Rs 28,607 billion till March 2019 has recorded an increase of Rs 3,655 billion during first nine months of current fiscal year, reported in Pakistan Economic Survey 2018-19.

According to the report released on Monday, increase in external public debt contributed Rs 1,900 billion to the public debt during first nine month of ongoing fiscal year while government borrowing for financing of fiscal deficit from external sources was Rs 524 billion during the said period.  This differential was mainly on account of depreciation of Pak Rupee against US Dollar.

Domestic debt registered an increase of Rs 1,754 billion while government borrowing for financing of fiscal deficit from domestic sources was Rs 1,398 billion. This differential was mainly attributed to an increase in credit balances of the government with the banking system. The trend in total public debt since 1971.