The percentage of public debt to Gross Domestic Product (GDP) including debt from the Interna-tional Monetary Fund, and external and domestic debt has fallen down from 87.6% in Fiscal Year (FY) 2019-20 to 83.5% in FY 2020-21.
Although total public debt increased from Rs 36.398 trillion in FY20 to Rs 39.859 trillion in FY21, keep-ing in view the GDP growth at a percentage of 3.9% during the period under review, the debt to GDP ratio declined considerably.
According to the annual report “State of Economy 2020-21” released by the State Bank of Pakistan (SBP), the government’s domestic debt to GDP also declined from 56.0% to 55.1% in FY21 whereas the debt increased from Rs 23.28 trillion in FY20 to Rs 26.26 trillion. —APP
