While the government has stopped additional
borrowing from the SBP from the start of 2019-20, the re-profiling of the existent debt may take time.
class="MsoNormalspan xml:lang="EN-GBLately, I've found myself
borrowing from one app to settle a loan from another app, then get more money to settle the other loan I took for this loan.
Borrowing in the category that includes credit cards rose by $1.7 billion in December, down from a $4.8 billion November increase.
The biggest chunk of the county's
borrowing came in 2015, when it received PS156,288,914 - topped up the following year by an additional PS8,900,000.
'We expect
borrowing to pick up in the last two quarters as the government in not in a bad situation.
'They (textile manufacturers) are
borrowing to expand their working capital,' Taurus Securities' banking analyst Mustafa Mustansir told The Express Tribune.
These other institutions may be harder to monitor and less well informed than banks, less able to screen for the risks inherent in corporate
borrowing in FX, and less able to handle subsequent losses after a depreciation."
The government had budgeted Rs 6,05,539 crore for 2018-19 Gross G-Sec
borrowing. It also intends to use larger inflows from Small Savings Schemes to fund its fiscal deficit during the year.
Addressing a presser here, Department of Economic Affairs (DEA) Secretary Subhash Chandra Garg stated that according to the budget, the gross
borrowing program for the financial year 2018-2019 was originally at Rs 6, 05, 000 crore, which included net market
borrowing component (originally at Rs 3, 90, 000 crore) and additional components like small savings (originally at Rs 75, 000 crore) and a buy-back component.
"We leave it to the private sector to determine their
borrowing program with full recognition of risks in the external sector," said BSP Deputy Governor Diwa C.
The government has been
borrowing heavily from the banking system for the last four years.
The trade association for the UK banking sector said that the report for July, reflecting the period immediately after the vote to leave the European Union, shows that net mortgage
borrowing and consumer credit annual growth were identical to the figures in June at 3% and 6% respectively.
