Domestic debt reaches Rs5.08tn

During 5MFY11

Aamir Abidi

KARACHI: Pakistan outstanding stock of domestic debt and liabilities has soared 8.2 per cent or Rs403 billion during the first five-month of current fiscal year (5MFY11), according to the State Bank of Pakistan (SBP). Domestic debt and liabilities recorded at a historical level of Rs5.296 trillion during the period, from Rs4.89 trillion on June 30, 2010, due to a significant rise in budget deficit. Similarly, domestic debt alone rose by Rs427 billion to Rs5.08 trillion in 5MFY11 as against Rs4.65 trillion in June 2010.

The floating debt during the period under review rose by Rs364 billion to Rs2.76 trillion against Rs2.39 trillion in June 2010, while the unfunded debt increased by Rs56.1 billion to Rs1.51 trillion as compared to Rs1.45 trillion.
Furthermore, permanent debt rose by Rs8.1 billion in 5MFY11 to Rs802 billion during the period under review. Within the floating debt category, government borrowed Rs249 billion through MTBs for replenishment. Similarly, it further borrows Rs115 billion through market treasury bills

Posted in: Aamir Abidi,billion,debt,fiscal year,June,Karachi,Pakistan,review,rise,treasury bills,trillion