The total public debt stock of the federal government increased by 11.2 percent on a year-on-year (YoY) basis in January 2025 as compared to the same month last year.
According to the monthly data issued by the State Bank of Pakistan (SBP), the debt stock increased to Rs. 72.123 trillion in January 2025 as compared to Rs. 64.842 trillion in January 2024.
On a month-on-month basis, the total public debt stock of the federal government increased by 0.7 percent compared to Rs. 71.647 billion in December 2024.
The data shows that the domestic debt of the central government increased by 18 percent from Rs. 42.626 trillion in January 2024 to Rs. 50.243 trillion in January 2025 while it increased by 0.7 percent over the previous month.
Out of total domestic debt, the long-term public debt increased from Rs. 34.147 trillion to Rs. 41.825 trillion and the stock of short-term debt decreased from Rs. 8.375 trillion to Rs. 8.352 trillion during the last year.
Debt figures in rupees is meaningless. Rupees can be printed locally rendering rupee useless and skyrocketing inflation. Debt should be in dollars as the country owes in dollars. Even a thousand trillion rupees debt is a joke. Those in charge are misleading the nation by quoting figures in rupees.
At an exchange rate of 280 PKR per USD, PKR 72 trillion is approximately 257.14 billion USD.