Debt of Rs 1 lakh 75 thousand on every Pakistani, the debt in Imran Khan's government increased by 46 per cent

Islamabad, Sunday 7 February 2021

Pakistan is currently facing a terrible economic crisis, now its citizens are under the burden of debt, Pakistan's parliament has admitted that every Pakistani currently has a debt of 1 lakh 75 thousand rupees, to which the contribution of Imran Khan's government is 54901 rupees, which totals 46. Percentage, this debt burden on Pakistanis has increased in the last two years. When the Imran Khan government came to power, every citizen had a debt of Rs 12,099.

The finance minister acknowledged that the Imran Khan government had failed to reduce the fiscal deficit to 4 per cent of the national economy. Thus, the government has violated the Fiscal Responsibility and Debt Limit Act (FRDL) Act of 2005, in which the fiscal deficit has been 8.6 per cent of GDP. Which is more than double the FRDL law.

The report, which was tabled in the Pakistani parliament on Thursday, contained the least information about the report in the government's policy statement, officials said, adding that the debt policy office had asked the finance ministry to submit an elaborate version of the policy. Summed up in just 11 pages, including the title.

According to the two-year fiscal deficit, Imran Khan's government party Tehreek-e-Insaf has increased its debt by Rs 54,901 trillion during the tenure of the government, Pakistan's total public debt in 2018 was Rs 120,099 trillion. The rupee has depreciated by 14 per cent next year.