Each Pakistani now owes Rs175,000

The Paksitani government has apprised the National Assembly that the per capita debt jumped to Rs175,000 at the end of last fiscal year - an additional burden of Rs54,901 or 46% on every citizen within two years

Feb 05, 2021
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The Paksitani government has apprised the National Assembly that the per capita debt jumped to Rs175,000 at the end of last fiscal year - an additional burden of Rs54,901 or 46% on every citizen within two years.

In the Fiscal Policy Statement of 2020-21, the Ministry of Finance also admitted that the government violated the Fiscal Responsibility and Debt Limitation (FRDL) Act of 2005 by failing to reduce the federal fiscal deficit to 4% of the size of national economy.

The federal deficit stood at 8.6% of GDP - more than double the limit set by the law, it added.

https://tribune.com.pk/story/2282685/each-pakistani-now-owes-rs175000

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