Pakistan’s total public debt has increased by 6,800 billion rupees in just one year, according to economist Muzzammil Aslam. The rise has raised concerns about the country’s economic situation and long term financial stability.
He said the sharp increase shows growing pressure on the national budget. Pakistan is already facing challenges like a large budget deficit, high interest rates, and slow revenue collection. These factors are making it harder for the government to manage expenses without borrowing more money.
Economists explain that when a country takes more loans, it often uses them to cover daily spending and repay older debts. This creates a cycle where borrowing continues to increase over time. In Pakistan’s case, the recent jump in debt reflects these ongoing issues.
Experts also warn that if debt keeps rising at this pace, it could create risks for economic stability. Higher debt means more money goes into interest payments, leaving less for development projects like education, health, and infrastructure.
The situation has led to fresh debate about how Pakistan manages its economy. Many analysts believe that stronger financial reforms are needed. These include improving tax collection, reducing unnecessary spending, and increasing exports.
Without major changes, economists say the country may continue to depend on loans, which could put more pressure on future growth and economic recovery.
