The State Bank of Pakistan has released details of the loans taken by thegovernment in the past year. According to the State Bank of Pakistan, inAugust 2023, the government borrowed 2.218 trillion rupees, and this loantaken in August is 3.6% higher compared to July of the current year.
Details provided by the State Bank indicate that in one year, thegovernment has borrowed a total of 14.394 trillion rupees, and at the endof August 2023, the government’s overall debt stands at 63.966 trillionrupees.
According to the State Bank, the government’s domestic debt has increasedby 29% in one year, and as of August 2023, the local debt of the governmentamounts to 39.792 trillion rupees.
The State Bank states that the government’s local debt has increased by23.8% in one year, and as of the end of August 2023, the government’sexternal debt amounts to 24.175 trillion rupees.
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According to the State Bank, the government’s external debt has increasedby 38.8% in one year.
