Federal Government’s Public Debt Increases by 12.7% YoY in March 2025
The total public debt stock of the federal government saw a 12.7% increase on a year-on-year (YoY) basis in March 2025, reaching Rs. 73.69 trillion, compared to Rs. 65.38 trillion in March 2024, according to data from the State Bank of Pakistan (SBP).
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Month-on-Month Increase
On a month-on-month basis, the public debt stock rose by 0.9% from Rs. 73.036 trillion in February 2025.
Breakdown of Domestic Debt
- Domestic debt of the central government increased by 18.6%, rising from Rs. 43.437 trillion in March 2024 to Rs. 51.518 trillion in March 2025.
- The domestic debt also saw an 1% increase compared to the previous month.
Long-Term and Short-Term Debt
- The long-term public debt surged by 25.1%, moving from Rs. 34.851 trillion in March 2024 to Rs. 43.595 trillion in March 2025.
- Conversely, the short-term debt stock decreased by 7.4%, falling from Rs. 8.492 trillion to Rs. 7.860 trillion during the same period.
The rise in the total public debt reflects ongoing fiscal challenges and the government’s reliance on both domestic and external borrowing to meet its financial obligations.
