Islamabad: According to the latest financial data,
Pakistan's total public debt has exceeded Rs 80.60 trillion, with the federal
government having the highest debt, while provincial debt is relatively low.
According to the data, the federal government owes a debt of
more than Rs 76 trillion, which is the largest share of the total national
debt. This includes both internal and external debts.
On the other hand, the total debt of the four provinces is estimated
at Rs 390 trillion. Among them, Punjab is the most indebted province with a
debt of about Rs 172 billion.27 crore. Sindh owes Rs 130 billion.16 crore,
Khyber Pakhtunkhwa owes Rs 77 billion.22 crore, while Balochistan owes Rs 10
billion.34 crore.
According to the report, the federal government's share in
the overall debt structure is dominant, while provincial debt is relatively
small. Due to rising debt, the burden of interest payments is also increasing, putting pressure on the national
treasury.
Promotion of exports, expansion of the tax net, fiscal
discipline and sustainable economic reforms are indispensable for reducing
debt.
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