Foreign debt of $ 439 million on Pakistan in first two months of FY 2013: EAD – Pakistan
Pakistan received foreign disbursements of $439.32 million from multiple financing sources in the first two months of FY 2013 (July-August 2022-23), as compared to external loans with a total budget of $22.817 billion for the full fiscal year.
The Economic Affairs Division (EAD) on Friday released a report on monthly disbursements of foreign economic aid for August, showing that the country received $252.25 million in August 2022 from multiple financing sources.
The government has estimated foreign aid of $22.817 billion for the current fiscal, which includes $22.655 billion in loans and $161.46 million in grants from multilateral and bilateral sources.
Debt over $13bn in 10 months: EAD
During the period (July-August 2022), no amount was borrowed from foreign commercial banks against the full-year budget amount of $7.472 billion.
Meanwhile, the total receipts of $439.32 million constitute $206.25 million from multilateral and $233.07 million from bilateral sources.
Non-project assistance was $243.01 million, including $37.01 million for budgetary support and $196.31 million in project assistance.
Among multilateral development partners, the Asian Development Bank provided $70.96 million against the government’s budget estimate of $3.202 billion for the current fiscal year, against the International Development Association’s (IDA) government budget estimate of $1.388 billion in FY23. Disbursed $100.62 million, AIIB $2.47 million, and Islamic Development Bank $8.85 million.
Among bilateral sources, China contributed $49.02 million in the first two months (July-August) of the current fiscal year, USA $8.3 million, Korea $15.65 million, France $3.21 million and Saudi Arabia $200 million in oil against government budget estimates of $200 million. distributed. Facility.
The International Monetary Fund (IMF) has projected Pakistan’s external debt to reach $140.959 billion in 2022-23, up from $130.127 billion in 2021-22.
The international lender anticipates the debt-to-GDP ratio to rise from 77.9% at the end of fiscal 2021 to 78.9% at the end of fiscal 2022, assuming adjustment efforts to be around 60 by end-fiscal 2027. drops to %. EFF is done entirely within the context of the program.