[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Pakistan’s debt has reached an all-time high!
Pakistan’s debt burden has risen to alarming proportions.
According to information presented in the National Assembly, the federal government’s total debt has reached Rs. 54,942 billion during the first ten months of the current administration.
The rising debt burden in Pakistan is a major source of concern for the country’s economic stability. With every citizen now indebted to Rs. 2.16 lakh, the government must take action to reduce the debt burden and prevent further escalation.
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The fiscal deficit, which is the difference between government expenditure and revenue, is one of the primary causes of the debt increase. The fiscal deficit has been a persistent issue in Pakistan’s economy, leading to an increase in borrowing to make up the difference. The government must prioritise fiscal deficit reduction through effective fiscal management and revenue generation.
Another reason for the increase in debt is a lack of economic investment. Low levels of investment have resulted in slow economic growth, affecting revenue generation for the government. To spur growth and increase revenue, the government must take steps to attract both foreign and domestic investment.
It is also critical for citizens to contribute to debt reduction. This can be accomplished through financial discipline, cost-cutting, and contributing to the economy through investments and business ventures. The government and citizens can address the issue of debt burden and ensure the country’s economic stability by working together.[/vc_column_text][/vc_column][/vc_row]
