Fiscal policy report shows public debt at 70.7% of GDP as deficit breaches limit
The finance ministry has admitted that “public debt dynamics remained a key challenge” during the last fiscal year, as the increase in total public debt was “driven mainly by higher interest payments and exchange rate movements”. Photo: file
The debt burden of every Pakistani increased by 13% to Rs333,000 in the last fiscal year, while public debt remained a "challenge" due to a budget deficit that exceeded the statutory limit by Rs3 trillion, according to a Fiscal Policy Statement presented to Parliament.
Debt per capita increased from Rs294,098 in fiscal year 2023-24 to Rs333,041 in fiscal year 2024-25, the annual Fiscal Policy Statement of the Ministry of Finance stated.
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