In the past 16 months of the former government, it has been revealed thatthere was a daily increase of 41 billion rupees in national loans. Underthe leadership of Shahbaz Sharif, the previous coalition government of 13parties increased the total government debt from 43 trillion rupees toalmost 62 trillion rupees in 16 months, breaking all previous records forloan increases.
During the 16 months of the previous coalition government of 13 parties,there was an additional 19 trillion rupees in national loans, resulting ina total government debt of nearly 62 trillion rupees.
According to Shahbaz Rana’s report, it was disclosed that the previousgovernment, as it was leaving, added 907 billion rupees to national loansin just the last month. During the tenure of Shahbaz Sharif’s government,there was an increase of over 41 billion rupees daily in government loans,a record never before seen in the country’s history.
Furthermore, the State Bank of Pakistan has also confirmed in its statementthat Pakistan’s debt increased by 907 billion rupees in July. The statementfrom the State Bank indicates that by the end of July 2023, thegovernment’s debt has reached 61.7 trillion rupees.
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The State Bank of Pakistan’s statement mentions that the government’s debthas increased by 1.5% in a month. The statement also states that theoverall government debt includes 39 trillion rupees in domestic debt
