Gov debts increase to Rs 1.75 trillion in one year, 1 trillion more likely in next months

Posted in : Local News

(added few years ago!)

The that government debts and liabilities grew to Rs 1.752 trillion in one year, translating into the huge amount of overall burden of Rs 7,346 billion by March 2012 since same month of previous year, State Bank of Pakistan (SBP) data showed.

The situation of the debts and liabilities at the government side seems worrisome because the government has planned to borrow 1 trillion rupees in the next months through T-Bills, Ijara Sukuk and Pakistan Investment Bonds.

The government debts and liabilities were stood at Rs 5.594 trillion in March 2011, which now saw a surge of 31 percent in one year till March 2012.

The government debts under PIBs increased to Rs 925.8 billion by March as against Rs 561.3 billion amount stood till March of yesteryear, showing an increase of 65 percent or Rs 364.5 billion in one year period.

Government Ijara Sukuk Bonds witnessed surge of 70 percent from March 2011 to March 2012, reaching the level of Rs 305.1 billion till March that was stood at Rs 178.8 billion by the same month of previous calendar year.

As far as floating debts are concerned, it surged by 37.5 percent or Rs 1.073 trillion up to March 2012. The overall amount of debts increased to Rs 3.926 trillion from Rs 2.853 trillion a year-ago.

The government accumulated debts more than Rs 756.4 billion through Market Treasure Bills, which up 46 percent in a year to reach Rs 3.926 trillion by March 2012.

Blog post Written by Manzar Turk and You can visit the original article at http://www.thenewstribe.com/

Tags : government, debts, increase, trillion, one year, months

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(added few years ago!) / 1405 views

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