Budgetary borrowing jumps 17pc

Updated April 27, 2019

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KARACHI: The government’s budgetary borrowings grew by 17.03 per cent to Rs917.13 billion from Jul-April 19, from Rs786.67bn in corresponding period last year, latest data from the State Bank of Pakistan revealed.

The government borrowing for budgetary support has taken an upward trajectory for some months now, with latest figures further supporting that trend. The total government borrowing from the SBP amounted to Rs3.26 trillion up to Apr 19, surging by a massive 118.6pc over Rs1.49tr in same period last year.

Meanwhile, total retirements to scheduled banks stood at Rs2.35tr during the period under review, higher by 231pc as compared to Rs708bn in same months last year.

Private sector credit offtake clocked in at Rs597.83bn as of Apr 19, versus Rs458.28bn in corresponding period last year, witnessing a year-on-year increase of 30.45pc or Rs139.554bn.

Published in Dawn, April 27th, 2019