Islamabad – Pakistan’s per capita public debt has increased by 13 percent in the last fiscal year, reaching Rs333,041 per citizen, according to a report issued by the Ministry of Finance.
According to Beyond Time News, the latest figures underline rising fiscal pressures on the economy as total public debt continues to grow at a steady pace.
Sharp Increase in Debt Per Person
The report shows that per capita debt rose from Rs294,098 in fiscal year 2023–24 to Rs333,041 in 2024–25, reflecting an increase of nearly Rs39,000 per person within a single year.
This rise highlights the rapid accumulation of public borrowing, driven largely by higher interest payments and ongoing fiscal requirements.
Total Public Debt Crosses Rs97 Trillion
Pakistan’s total public debt has climbed to Rs97.3 trillion, compared to Rs89.8 trillion in the previous fiscal year. This represents an increase of Rs7.5 trillion in just one year.
Economists say the continued rise in borrowing is placing additional strain on public finances, limiting the government’s ability to expand development spending and social support programs.
Debt-to-GDP Ratio Reaches 76%
The report further states that Pakistan’s debt-to-GDP ratio has increased to around 76 percent, while the size of the national economy is estimated at Rs127 trillion.
Experts caution that this level of indebtedness reflects growing financial vulnerability and could pose long-term challenges for economic stability if not managed carefully.
Pakistan’s Debt Trap Raises Questions Over True Economic Stability
Income vs Debt Burden Gap
The report also notes that the average annual income per Pakistani is approximately Rs532,000. Economists point out that a significant portion of this income is effectively matched by the per-person debt burden, highlighting the pressure on household-level economic wellbeing.
Concerns Over Fiscal Stability
Economists have warned that continued debt accumulation could make it increasingly difficult for the government to maintain fiscal discipline.
Rising debt servicing costs may also limit spending on development projects, infrastructure, and public welfare initiatives in the coming years.
Conclusion
Pakistan’s rising public debt figures reflect mounting economic challenges, with increasing pressure on both national finances and individual citizens. Experts emphasize the need for stronger fiscal management and sustainable economic planning to prevent further strain on the economy.
FAQs
1. How much debt does each Pakistani owe?
Around Rs333,041 per person, according to the latest report.
2. What is Pakistan’s total public debt?
Approximately Rs97.3 trillion.
3. How much did debt increase in one year?
By about Rs7.5 trillion.
4. What is the debt-to-GDP ratio?
Around 76 percent.
5. Why is rising debt a concern?
It increases fiscal pressure and limits government spending on development and welfare.
