Ministry of Finance responds over media reports of Rs 11 trillion debt in FY 2018-19
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*ISLAMABAD: *The government only borrowed Rs3.44 trillion to finance its budget deficit during the financial year 2018-19 (FY19) while the figure of Rs11 trillion being reported in a section of the media as ‘increase in total debt and liabilities’ requires certain clarifications, a press release issued by the Ministry of Finance said on Tuesday.
The MoF maintained that the total debt and liabilities actually increased by Rs10.33 trillion (from Rs29.88 trillion to Rs40.21 trillion) during FY19.
“It is useful to analyse the growth in each of the five distinct components of the overall debt and liabilities figure.
