Net addition to Pakistan's external public debt during PTI government first year lowest in last three years
Shares
*ISLAMABAD: The net addition to external public debt during fiscal year 2018-19 was only $2.29 billion, which is the lowest in the last three years, said the Economic Affairs Division in a statement on Friday.*
The total external inflows during FY 2018-19 were $10.186 billion, including grants of $330 million, while external loans obtained by the government during the year were $9.85 billion with the government making payment of $8.94 billion on account of retirement of external debt and debt servicing.
“The net addition to the external public debt was only $2.29 billion which is the lowest of last three years,” reads the statement.
It said that the net additions to the external public debt during the last three fiscal years i.e. FY 2015-16 to FY 2017-18 were $6.82 billion, $4.77 billion and $8.64 billion respectively.
