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Pakistan has allocated approximately Rs 9.775 trillion for debt servicing, encompassing interest payments and retiring principal amounts, in the upcoming financial year 2024-25. This constitutes 51.8 percent of the total budget outlay, which amounts to Rs 18.877 trillion.
In the budget for the fiscal year 2024-25, the government has allocated Rs 9.775 trillion for debt servicing, marking a notable increase from the Rs 7.302 trillion allocated for the current fiscal year, which was subsequently revised to Rs 8.251 trillion.
For foreign debt servicing during the fiscal year 2024-25, the country plans to spend Rs 1.038 trillion, compared to the Rs 872.219 billion earmarked for the current fiscal year, which was later revised to Rs 1.039 trillion.
Regarding domestic debt servicing, the government has allocated Rs 8.736 trillion for the fiscal year 2024-25, a significant increase from the Rs 6.430 trillion allocated in 2023-24, which was later revised to Rs 7.211 trillion.
As of March 2024, Pakistan’s total public debt stood at Rs 67.525 trillion, marking a rise of Rs 4.644 trillion during the first nine months of the current fiscal year. This figure contrasts with the Rs 62.881 trillion recorded on June 30, 2023.
