Federal government to pay Rs 2.9 trillion as markup on national debt

Federal government to pay Rs 2.9 trillion as markup on national debt
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ISLAMABAD - Advisor to Prime Minister on Finance Abdul Hafeez Shaikh Wednesday said the government has earmarked Rs 2.9 trillion for fiscal year 2019-20 to pay markup on national debt.

Addressing a presser, the Advisor said this amount was even higher than the total expenditures of civil and armed forces’ combined outlays and was more than half of total tax revenues for which the target of Rs 5.555 trillion has been fixed for fiscal year 2019-20.

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