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Salman Khan KARACHI: The federal government’s domestic debts have increased by 11.7 per cent to Rs24,780 billion from February 2020 to February 2021, the State Bank of Pakistan reported on Monday. Despite an increase in revenue collection in a year, domestic debt has gone up by Rs2,596bn or 11.7pc from Rs22,184bn in Feb 2020, reflecting higher expenses and widening of fiscal deficit. According to the latest SBP data, the federal government’s domestic debt has increased by 6.4pc to Rs1,498bn during the eight months (June-February) of the current fiscal year (8MFY21). In June 2020, domestic debt was Rs23,282bn. However, the federal government’s total debt including foreign debt reduced this figure as it noted an increase of 9.6pc during the last 12 months.

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