In a shocking revelation, the State Bank of Pakistan has released data on the government’s borrowing habits, and the numbers are staggering. According to the data, in December 2024, the government borrowed a whopping 1,284 billion rupees, taking the total stock of government debt to 71,647 billion rupees.
This represents a 9.9% increase in government debt from December 2023 to December 2024. Moreover, the government’s domestic debt increased by 17.1% in 2024, reaching 49,883 billion rupees. On the other hand, the government’s external debt decreased by 3.7% in 2024, standing at 21,764 billion rupees.
The data also reveals that in the first six months of the fiscal year, the government’s domestic debt increased by 2,723 billion rupees, while the external debt increased by 100 billion rupees. These numbers paint a concerning picture of Pakistan’s borrowing habits and the country’s growing debt burden.
It remains to be seen how the government plans to manage this debt and what implications it will have for the country’s economy. One thing is certain, however: Pakistan’s borrowing spree is a trend worth keeping an eye on.
