Staff Reporter
Islamabad
Pakistan’s total public debt was recorded at Rs 35,207 billion by end March 2020 compared with Rs 32,708 billion at end June 2019, registering an increase of Rs 2,499 billion during first nine month of current fiscal year.
According to Pakistan Economic Survey, the federal government borrowing for financing of its deficit was Rs 2,080 billion.
According to the pre-budgetary document, the country’s strategy to reduce its debt burden to a sustainable level included commitment to run primary surpluses, maintain low and stable inflation, promote measures that support higher long-term economic growth and follow an exchange rate regime based on economic fundamentals.
