Shahzaz ud din
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Here you go!!! Another patwaree is here to lecture PDF members on economy.
4% reduction in debt in 3 months - Rising Pakistan
- Thread starter graphican
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Nominal GDP isn't adjusted for inflation, so given Pakistan's switch from a supported rupee to free float, it isn't a useful figure.
As far as the debt to GDP ratio, again, given the switch from support to free float, it's rather hard to ascertain that things are as bad as you say they are. Whether PTI, PML-N, or PPP was in charge we were going to see this hike because we ended an unsustainable economic policy. I would argue that the fact that Pakistan has started to see declines in the debt to GDP ratio is a positive thing, given that things are slowly starting to turn around.
Pakistan's biggest problem is still the banking system. Fix the banking, FDI will come in, Pakistan can start exporting goods to other countries. There are so many opportunities right now, particularly with the trade war and new economies on the rise. I know PTI is making progress towards that, but fixing a banking system that has been bad for the past few decades is not something fixed overnight.
Baby Leone
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how could 90 billion USD external debt be 88% of Pakistan's 300 Billion USD GDP is beyond me....
why every tom or dick becomes economy expert lately?
why every tom or dick becomes economy expert lately?
it must be total debt not the external one.
Shah_Deu
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I hope the amount of Patwaris also reduce by the same rate; 3.3%/quarter!Here you go!!! Another patwaree is here to lecture PDF members on economy.
Last edited:
Syed1.
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Might be total debt (internal + external)
Dr. Strangelove
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The Data is From the end of last financial Year.
Domestic Debt : 19.55 Trillion Rupee.(126 Billion dollars)
Foreign Debt : 105 Billion Dollars.
231 billion dollars in total.
Domestic Debt : 19.55 Trillion Rupee.(126 Billion dollars)
Foreign Debt : 105 Billion Dollars.
231 billion dollars in total.
37% is external debt, not gross or total debt which is 88%??
AZADPAKISTAN2009
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Congratulation to PTI and Army for their positive policies to make solid financial decisions and keeping borders safe
If this figure can be reduced to 50% from 84% it would be a great achievement in the next 4-5 years
PTI Government : Year 1, 4 % reduction
PTI Government : Year 2, 7 % reduction
PTI Government : Year 3, 7 % reduction
PTI Government : Year 4, 7 % reduction
PTI Government : Year 5 , 7 % reduction
Not impossible to aim for 50-56% remaining debt to GDP ration by 5 years
If this figure can be reduced to 50% from 84% it would be a great achievement in the next 4-5 years
PTI Government : Year 1, 4 % reduction
PTI Government : Year 2, 7 % reduction
PTI Government : Year 3, 7 % reduction
PTI Government : Year 4, 7 % reduction
PTI Government : Year 5 , 7 % reduction
Not impossible to aim for 50-56% remaining debt to GDP ration by 5 years
Last edited:
Asad Umar said that end of 5 yrs total debt would be close to 60% of gdp
ejaz007
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Public debt inches up 1.08pc to Rs32.130trln in July-Nov
Listen
KARACHI: Pakistan’s public debt rose 1.08 percent to Rs32.130 trillion in the first five months of the current fiscal year of 2019/20 from Rs31.786 trillion at the end of FY2019, the central bank data showed on Wednesday.
The State Bank of Pakistan’s (SBP) data showed that the domestic debt increased 3.27 percent to Rs21.410 trillion at the end of November. The foreign debt, however, fell 3.03 percent to Rs10.720 trillion.
Debt accumulation was due to higher financing requirement by the government to fund the budget deficit. Below-than-desired revenue collection and increased interest payments on domestic debt amid tight monetary policy also led to the build-up of domestic debt.
The government continued to borrow from domestic sources to finance its current expenditures.
The government sticks to its commitment of zero borrowing from the central bank. So, it has built up its deposits with banks to crate cash buffers for meeting the revenue-expenditure gap due to lack of funding sources.
Nonetheless, the decline in external debt was driven by improvement in the current account balance, appreciation in the local unit against the dollar and higher debt repayments.
The current account deficit narrowed to $1.821 billion in July-November FY20 from $6.733 billion a year earlier.
The rupee has appreciated about 5 percent since June last year.
Moreover, revaluation gains due to the depr eciation of major currencies versus the greenback also contributed to the slowdown in foreign debt.
But the IMF’s two tranches of $1.440 billion and $1.3 billion loan disbursement from Asian Development Bank have increased the stock of external debt.
The, IMF, in its latest report said Pakistan is committed to sustaining the progress on fiscal adjustment to place debt on a downward path.
“The planned reforms include strengthening tax revenue mobilization, including the elimination of tax exemptions and loopholes, and prudent expenditure policies,” it said.
Preparations for a comprehensive tax policy reform should start early to ensure timely implementation.
The government posted a primary surplus of Rs200 billion in July-September FY20.
The IMF sees debt continues to remain sustainable over the medium-term, given the broadly unchanged macroeconomic framework, the policies to date, and the authorities' policy commitments ahead.
However, the Fund warned that debt sustainability had become the subject to somewhat higher risks due to the fiscal underperformance in FY2019, a higher debt outturn, and higher financing needs.
https://www.thenews.com.pk/print/595611-public-debt-inches-up-1-08pc-to-rs32-130trln-in-july-nov
Listen
KARACHI: Pakistan’s public debt rose 1.08 percent to Rs32.130 trillion in the first five months of the current fiscal year of 2019/20 from Rs31.786 trillion at the end of FY2019, the central bank data showed on Wednesday.
The State Bank of Pakistan’s (SBP) data showed that the domestic debt increased 3.27 percent to Rs21.410 trillion at the end of November. The foreign debt, however, fell 3.03 percent to Rs10.720 trillion.
Debt accumulation was due to higher financing requirement by the government to fund the budget deficit. Below-than-desired revenue collection and increased interest payments on domestic debt amid tight monetary policy also led to the build-up of domestic debt.
The government continued to borrow from domestic sources to finance its current expenditures.
The government sticks to its commitment of zero borrowing from the central bank. So, it has built up its deposits with banks to crate cash buffers for meeting the revenue-expenditure gap due to lack of funding sources.
Nonetheless, the decline in external debt was driven by improvement in the current account balance, appreciation in the local unit against the dollar and higher debt repayments.
The current account deficit narrowed to $1.821 billion in July-November FY20 from $6.733 billion a year earlier.
The rupee has appreciated about 5 percent since June last year.
Moreover, revaluation gains due to the depr eciation of major currencies versus the greenback also contributed to the slowdown in foreign debt.
But the IMF’s two tranches of $1.440 billion and $1.3 billion loan disbursement from Asian Development Bank have increased the stock of external debt.
The, IMF, in its latest report said Pakistan is committed to sustaining the progress on fiscal adjustment to place debt on a downward path.
“The planned reforms include strengthening tax revenue mobilization, including the elimination of tax exemptions and loopholes, and prudent expenditure policies,” it said.
Preparations for a comprehensive tax policy reform should start early to ensure timely implementation.
The government posted a primary surplus of Rs200 billion in July-September FY20.
The IMF sees debt continues to remain sustainable over the medium-term, given the broadly unchanged macroeconomic framework, the policies to date, and the authorities' policy commitments ahead.
However, the Fund warned that debt sustainability had become the subject to somewhat higher risks due to the fiscal underperformance in FY2019, a higher debt outturn, and higher financing needs.
https://www.thenews.com.pk/print/595611-public-debt-inches-up-1-08pc-to-rs32-130trln-in-july-nov
