The GOP’s Ministry of Finance (MoF) gave an overall picture of the country’s total debt to the federal cabinet, and said the GOP had to borrow $24 billion for repayment of debt and debt servicing for the past loans.
The government made repayments of $10 billion yearly compared to $5.5 billion of previous governments. The Finance Division gave a detailed briefing on debt and debt servicing to the federal cabinet for the fiscal year 2018 to 2020, and stated that the government had inherited a debt of Rs. 30 trillion.
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