ISLAMABAD: The federal government has borrowed $4.499 billion from multiplefinancing sources during the July-November period of the current fiscalyear (2020-21).
According to data available with this scribe, the government’s borrowinghas now reached 37pc of the FY21 budget estimates of $12.23 billion.
In the corresponding period of fiscal year 2019-20, the borrowing stood at$3.10 billion, which was around 24pc of the annual budgeted amount of$12.95 billion.
As per the documents, the total receipt of $4.499 billion constituted $1.3billion or 29pc as programme/budgetary support assistance to restructurePakistan’s economy; $1.62 billion (36pc) as foreign commercial borrowing torepay maturing foreign commercial loans; $518 million (12pc) as assistanceto finance development projects; $60 million (1pc) as short-term credit;and $1 billion (22pc) as safe deposits.
Meanwhile, bilateral and multilateral development partners disbursed $1.87billion of foreign economic assistance during July-November FY21, asagainst the budgetary allocation of $5.81 billion, on concessional termswith longer maturity.
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Among the multilateral development partners, Asian Development Bankprovided $712 million, while World Bank disbursed $694 million. Frombilateral sources, France ,USA and China provided $33.4 million, $63.8million and $21.8 million, respectively.
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