Islamabad, October 8, 2024–The State Bank of Pakistan has released data on the federal government’s debt up to August 2024, revealing that it has reached a historic high of Rs 70.36 trillion.
According to the State Bank’s report, the federal government’s debt increased by Rs 1.448 trillion in the first two months of the current fiscal year. In August alone, the central government’s debt rose by Rs 739 billion.
The document further states that between September 2023 and August 2024, the federal government’s debt surged by Rs 6.392 trillion. By August 2024, the total debt stood at Rs 70.36 trillion.
The report highlights that as of August 2024, the central government’s domestic debt amounted to Rs 48.34 trillion, while external debt reached Rs 22.02 trillion.
