• Federal Government borrowing not transparent, its purpose not known, says economist
The country’s debt rose by N20.8tn between July 2015 and December 2020, data obtained from the Debt Management Office on Wednesday showed.
This period corresponds with the Presidency Muhammadu Buhari who assumed leadership of the country on May 29, 2015.
According to the statistics obtained from the DMO, Nigeria’s total debt as of June 30, 2015 stood at N12.12tn.
However, as of December 31, 2020, the country’s debt portfolio had risen to N32.92tn.
This shows that within a period of 66 months (five and half years), the country’s debt has risen by N20.8tn.
Pakistan s debt, liabilities increase to Rs 45.470 trillion
ANI
25 May 2021, 02:27 GMT+10
Islamabad [Pakistan], May 24 (ANI): As Pakistan s financial debt continues to mount, the country s total debt and liabilities rose to Rs 45.470 trillion at the end of March 2021, an increase of Rs 2.666 trillion or 6.2 percent a year earlier, according to data from the State Bank of Pakistan (SBP).
The debt and liabilities stood at Rs 42.804 trillion in the period ended March 2020. However, the overall debt and liabilities stood at 44.591 trillion till end-June 2020, reported The News International.
The News International reported that in the medium term, Pakistan s strategy aims to increase tax revenues by 3-4 percentage points of GDP. However, revenues during the program period are expected to remain below projections at the first Extended Fund Facility (EFF) review due to the challenge of the Covid-19 shock and resulting large revision to the growth outlook compared to the first EFF revi
Pakistan s debt, liabilities increase to Rs 45.470 trillion in March: Report ANI | Updated: May 24, 2021 21:22 IST
Islamabad [Pakistan], May 24 (ANI): As Pakistan s financial debt continues to mount, the country s total debt and liabilities rose to Rs 45.470 trillion at the end of March 2021, an increase of Rs 2.666 trillion or 6.2 percent a year earlier, according to data from the State Bank of Pakistan (SBP).
The debt and liabilities stood at Rs 42.804 trillion in the period ended March 2020. However, the overall debt and liabilities stood at 44.591 trillion till end-June 2020, reported The News International.
The News International reported that in the medium term, Pakistan s strategy aims to increase tax revenues by 3-4 percentage points of GDP. However, revenues during the program period are expected to remain below projections at the first Extended Fund Facility (EFF) review due to the challenge of the Covid-19 shock and resulting larg
Pakistan s debt, liabilities increase to Rs 45.470 trillion in March, says new report
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Last Updated: May 24, 2021, 09:45 PM IST
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Synopsis
The News International reported that in the medium term, Pakistan s strategy aims to increase tax revenues by 3-4 percentage points of GDP. However, revenues during the program period are expected to remain below projections at the first Extended Fund Facility (EFF) review due to the challenge of the Covid-19 shock and resulting large revision to the growth outlook compared to the first EFF review.
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As Pakistan s financial debt continues to mount, the country s total debt and liabilities rose to Rs 45.470 trillion at the end of March 2021, an increase of Rs 2.666 trillion or 6.2 percent a year earlier, according to data from the State Bank of Pakistan (SBP).
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