Times of Islamabad

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

ISLAMABAD – Advisor to Prime Minister on Finance Abdul Hafeez ShaikhWednesday said the government has earmarked Rs 2.9 trillion for fiscal year2019-20 to pay markup on national debt.

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