The present government has taken a loan of about 22 billion rupees till now

The present government has taken a loan of about 22 billion rupees till now

The present government has taken a loan of about 22 billion rupees till now

State Bank of Pakistan (SBP) has said that the internal and external loans of the federal government increased by 22 billion 40 billion during the first five months of the current fiscal year.

According to the Central Bank report, under the pressure of low revenue collection, the government is taking a maximum loan to meet its growing domestic expenses, while the rising account deficit has received the government to get the external space available. Forced.

During the last five months of the financial year 2019, the total deficit of the government increased by 22.3 billion rupees or 9.25 percent with 264 billion rupees 52 billion.

During the same period, the government's loss lost from Rs 907 billion to Rs 173 billion 23 billion, while foreign deficit also witnessed a huge increase and external debt increased by 13 billion to Rs 34 billion to Rs 3 billion.

Another reason for external debt exemption is a decrease of 15% in value of rupees compared to the dollar, because at the end of June a dollar was Rs 121 rupees 54 paise, up to 140 rupees 26 paise till the end of November. Done.

Short term debt was further enhanced by the government on the basis of treasury bills primarily on the borrowing bill, and short term debt in the first 5 months of the financial year 2018 to Rs 100 billion 57 billion Done.

The report also pointed out that the central bank was heavily dependent on the loan by the government.

However, the value of federal government bonds declined significantly and due to a decrease of Rs.33 billion, the earnings earned in the first 5 months of the current fiscal decreased by 34 billion rupees to 67 billion rupees. During the same period, the government did not get much revenue with the help of National Saving Scheme.

Meanwhile, the government is trying to find out the most possible means of eliminating the external difference between the current account and the country has received $ 2 billion from Saudi Arabia, while China and the United Arab Emirates meet more dollars. It is possible

The present government has taken a loan of about 22 billion rupees till now