Challenging fiscal situation persists amidst pandemic

Monday, 27 December 2021 04:02 - - {{hitsCtrl.values.hits}}

Government revenue has improved marginally in the first nine months despite the effects of the pandemic on the economy.

As per latest Central Bank data, Government revenue amounted to Rs. 1.05 trillion between January and September 2021 as against Rs. 1.02 trillion in the corresponding period of last year.

During the first nine months total expenditure and net lending increased to Rs. 2.38 trillion up from Rs. 2.18 trillion a year ago.

The overall budget deficit rose to Rs. 1.32 trillion from Rs. 1.15 trillion.

Central Bank data also showed that domestic financing rose to Rs. 1.45 trillion from Rs. 1.32 trillion. Foreign financing recorded a net repayment of Rs. 124.7 billion as against Rs. 172 billion.

Outstanding central Government debt increased to Rs. 17 trillion by end September 2021 from Rs. 15.1 trillion as at end September last year. By the end August, the central Government debt was Rs. 17.22 trillion.

Total outstanding domestic debt increased by 16.9% to Rs. 10.6 trillion. By the end of August it was Rs. 10.46 trillion. The rupee value of total outstanding foreign debt increased by 6.6% to Rs. 6.4 trillion by end September 2021. At end August the latter was Rs. 6 trillion.

Pandemic-induced Rs. 780 b debt moratorium extended

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