According to the latest figures released by the Pakistani government, Pakistan's total debt has reached Rs 38 trillion, or Rs 380 trillion, as of March this year.
According to the Pakistan Economic Survey 2021-2020 released in Islamabad on Thursday, when Prime Minister Imran Khan took office in 2018, the country's total debt was Rs 24.9 trillion, which increased to Rs 32.7 trillion next year, an increase of about Rs 8 trillion.
Then in 2020, with a further increase, the total debt reached 36.4 trillion and by March this year, the debt of 38 trillion is owed to the Government of Pakistan.
The issue has been a source of contention between the opposition and the government in the previous government as well.
When Prime Minister Imran Khan was in opposition, he accused the then PML-N government of making the economy in need of loans. However, during his own tenure, the total debt has increased by about Rs 13 trillion. Is.
During the launch of the Economic Survey in Islamabad, Finance Minister Shaukat Tareen said that in the last year, the country's total debt has not increased much and has increased by only 1.7 trillion.
He said that the highest increase in debt was seen in 2019, but at that time the increase in debt was forced because somewhere the country has to manage the amount needed to run the expenses. He said the increase was temporary because interest rates were high at the time and the value of the dollar had risen, which also led to an increase in debt.
How much did it increase in which period?
The Economic Survey details the debts from 1971 to date, according to which the total debt to Pakistan in 1970 was only Rs 30 billion. After that, at the end of the Bhutto regime in 1977, the total debt was 97 billion.
When the former military ruler General Zia-ul-Haq was ousted in 1988, the country's total debt reached 523 billion. It is as if the debt had increased by Rs 426 billion during his tenure.
After that, Benazir Bhutto became the Prime Minister and when her government was ousted in August 1990, the country's total debt had reached Rs 711 billion. During his tenure, the debt had increased by Rs 188 billion.
Nawaz Sharif came to power and when his government came to an end in July 1993, the total debt was 1135 billion rupees. It is said that during his tenure, the debt had increased by Rs 422 billion.
After that, when Benazir Bhutto's government ended in November 1996, the country's total debt had reached Rs 1704 billion, or 1.7 trillion, which means that during her tenure, the country's debt had increased by Rs 569 billion.
Nawaz Sharif's second term began in 1996, and when Army Chief General Pervez Musharraf overthrew his government through the imposition of martial law in October 1999, the country's total debt reached Rs 2,946 billion. It is said that during the second term of Nawaz Sharif, the debt had increased by Rs. 1242 billion or more than one trillion rupees.
Musharraf then ruled directly or indirectly, and when the sun of power set in 2008, Pakistan's debt had reached 6127 billion or six trillion rupees, as if in his heyday Pakistan owed another 3181 billion rupees or three trillion rupees. Burdened
After the rule of General Musharraf and PML-Q, the PPP government started and ended in 2013. The country's debt was 14.2 trillion rupees, which means that the debt increased by more than eight trillion rupees during this period. ۔
The PML-N government lasted from 2013 to 2018, during which time the country's debt rose from 14.2 to 24.9 trillion, meaning that more than 10 trillion was borrowed during that period.
In the current era of PTI, more than Rs 13 trillion has been borrowed in the last two and a half years, which is the highest ever in the history of Pakistan.
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