Pakistan Institute of Development Economics

P & R Vol.2 Issue 7
Debt And Financing
Publication Year : 2021

The federal government’s total debt and liabilities reached a staggering PKR 37,078.5 billion by the end of April 2021. This is just an under PKR 2000 billion increase from June 2020, when the federal government total debt and liabilities amounted to PKR 35107.1 billion. • Against the total planned expenditure of PKR 8487 billion in Fiscal year 22, PKR 3060 billion have been allocated for interest payments. As a result, 41% of the government’s Current Expenditure (PKR 7523 billion) will be spent on interest payments. This equals 36% of the total expenditure for the year.