By Our Reporter
In the nine months of the current fiscal year, the government has added 86 billion rupees worth of debts to meet the expenditure.
In total, the government debts have reached 33 trillion, 85 billion, and 790 million rupees until the end of the month of Chaitra.
The debt amount has crossed 44% of the GDP, which is considered to be an alarming point in the economy of the country. Compared to the budget, the debt size is larger by 1.36 times more.
Now, the situation is that the country has to focus on paying back the loan instalments rather than investing the budget on development projects, as the government paid 2 trillion, 9 billion rupees just to pay back debts and interests in the nine months of the fiscal year.
The main reason behind continuously increasing the debt is to manage funds for general sector expenditure, which is a negative indicator.
The government’s expenditure in the non-productive sector has increased since the nation adopted the federal structure.
Login to add a comment