The government has reduced its goal for paying down the public debt by 21% for the 2024–2025 fiscal year.Compared to the public debt repayments of Rs. 24.08 trillion in the current fiscal year, this is 21% less.
During FY25, the government wants to raise Rs. 12.51 trillion through T-bills. The upcoming fiscal year will not see the issuance of any Sukuk bonds, and the expected repayment of prize bonds is Rs. 8.99 billion.
For the upcoming fiscal year, the permanent domestic debt repayment objective is Rs. 6.53 trillion. This comprises 203.63 billion for non-banking Pakistan Investment Bonds (PIBs) and Rs. 5.18 trillion for PIBs. Additionally, it is anticipated that repayments of Ijara Sukuk (Islamic bonds) will increase to Rs. 752.53 billion from Rs. 274.69 billion in FY24.
The 3-year Pakistan Banao Certificates matured in the previous fiscal year, therefore no return is required; however, the 5-year certificates will require payback of Rs. 2.88 billion. There has been a small increase in the repayment of bearer certificates for foreign exchange, foreign money, US dollars, and special US dollar bonds.
The government has lowered the FY25 provident fund payouts objective to Rs. 77.88 billion and the National Savings Scheme (NSS) repayment target to Rs. 1.6 trillion. Behbood Savings Certificates, Regular Income Certificates, Special Saving Accounts, Registered Special Savings Certificates, and Defence Savings Certificates have all seen significant reductions. There will be minor additions to the Sarwa Islamic Savings Account and the Shauhda Welfare Account.
The federal government intends to spend Rs. 135.71 billion for state ministries and employees through a variety of deposits and funds, including Rs. 9.89 billion for employee perks in the defense ministry and Rs. 2.15 billion for the federal employees’ benevolent fund and group insurance fund.
The Workers Welfare Fund has been allotted Rs. 25 billion towards the Rs. 55.04 billion objective for PWD spending in Pakistan. Thanks to telecom providers, the Universal Service Fund (USF) spending cap is set at Rs. 10.96 billion.
