The report covers public debt of up to June 2017 when the federal government’s gross public debt was Rs21.4 trillion — a whopping 67.2% of the total national output. In June 2016, the public debt maturing in one year was 40.3% of the total debt, which has now increased to 42.1%. The entire deterioration was because of domestic debt, as the ratio of domestic debt maturing in one year increased from 51.9% to 55.6%. Govt sits on critical public debt reportDue to growing dependence of floating interest rate debts, the ratio of fixed rate public debt — debt issued at a fixed rate as opposed to the one pegged with Kibor –has come down from 67.6% in 2016 to 61.2% by June this year. This was also because the government had changed the public debt definition, excluding publically-guaranteed debt from its public debt.

Source: The Express Tribune December 02, 2017 19:41 UTC