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SBP: Federal government debt swells by Rs18.8tr in 28 months
In the first 28 months of the current period, federal government debt soared by Rs18,832 billion, with considerable increases in both domestic and external borrowing, documents of the State Bank of Pakistan stated.
The documents revealed that the overseas debt of the federal government climbed by Rs2,066 billion and its internal debt by Rs16,766 billion from March 2024 to June 2026. The surge means an average daily increase in debt of more than Rs22.40 billion.
The data showed that the federal government’s debt stood at Rs64,810 billion by February 2024, the last month of the caretaker government. The government’s total debt increased by Rs18,832 billion to Rs83,642 billion by June 2026 over the next 28 months.
According to the State Bank, the federal government’s internal debt stood at Rs42,675 billion in February 2024, which climbed to Rs59,441 billion by June 2026.
Similarly, the external debt of the federal government was Rs22,134 billion in February 2024, which increased to Rs24,201 billion in June 2026.