How much debt did PTI govt pay off during the last three years? details revealed

During the fiscal year 20-21, the debt to GDP ratio had decreased by 4%, and it was further expected to decrease by 2 to 3% during the current fiscal year. 

debt

The Pakistan Tehreek-e- Insaf led government has paid PKR 7.46 trillion debt on loans during the past three years. The information was revealed in a report presented to the Senate by the Ministry of Finance (MOF). 

As per the report, the government debt increased by PKR 14.90 trillion during the three years. In addition, the Finance Ministry pointed out that the government had paid 50% of the total interest on loans during these three years.

The ministry also highlighted that a significant decline was observed in the government debt. During the fiscal year 20-21, the debt to GDP ratio had decreased by 4%, and it was further expected to decrease by 2 to 3% during the current fiscal year. 

Moreover, the MOF also provided a comprehensive report of internal and external debts for the three years. It revealed that the internal debt of the country increased by PKR 10 trillion. The internal debt was registered at PKR 26 trillion in August 2021 compared to PKR 16 trillion in June 2018.

Furthermore, External debt during the past three years rose by PKR 6.5 trillion. In August 2021, the external debt was recorded at PKR 14.5 trillion compared to PKR 8.5 trillion in June 2018.

The country’s total debts during this period have also increased from PKR 25 trillion in June 2018 to PKR 41 trillion in August 2021.

What are your thoughts about this? Share in the comment section below.

  • So what have they actually paid off? only debt to GDP ratio decline is also dependent on the rise of GDP. It does not mean that your total debt has declined. According to the report, the country has suffered an increase of almost 65% of its total debt, that too at the expense of such high inflation

    • so what else did you expect? we have negligible exports, huge imports, looters in the government since the 90s who never promoted our exports, then mushi destroyed us further by making the country live off American aid and then PPP and PML-N collectively looted the country for a decade and getting loans on high interests and now expecting PTI to do the magic. please wake up.

      • First of all, I don’t think you have been living in Pakistan for long or else you would’ve known that your Steel Mill was working at 92% productivity in Musharraf time. All these CD 70 bikes manufacturers started in his era. All these Kia and Hyundai vehicles set up here in his regime, all these media channels came in to being….. and you think all of this was done on foreign aid? I don’t think it will be of any use to discuss economics with you. Thanks anyway!


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