Pakistan’s debt to GDP ratio reaches 67.2 percent; Finance Ministry

[AyanRay]

Juvenile post...India foreign external debts is about 495 billion USD...what Indian state borrows from local banks is a separate thing, included in the total debt, internal and external...to put it in a simple way.

External Debt in India increased to 495700 USD Million in the third quarter of 2017 from 485800 USD Million in the second quarter of 2017. External Debt in India averaged 263381.70 USD Million from 1999 until 2017, reaching an all time high of 495700 USD Million in the third quarter of 2017 and a record low of 96392 USD Million in the third quarter of 2000.


https://tradingeconomics.com/india/external-debt

And that amounts to just 20% of the GDP, and most of that is held by Private players who raise money from abroad by issuing shares or bonds. Again India's Forex reserve is more than 400US billion $, that covers more than 80% of India's external debt. What's the equivalent ratio of Pakistan?

 

[Garian]

Juvenile post...India foreign external debts is about 495 billion USD...what Indian state borrows from local banks is a separate thing, included in the total debt, internal and external...to put it in a simple way.

External Debt in India increased to 495700 USD Million in the third quarter of 2017 from 485800 USD Million in the second quarter of 2017. External Debt in India averaged 263381.70 USD Million from 1999 until 2017, reaching an all time high of 495700 USD Million in the third quarter of 2017 and a record low of 96392 USD Million in the third quarter of 2000.


https://tradingeconomics.com/india/external-debt

In % terms, India's external debt is 20.5% of GDP, whereas for Pakistan it is 27.5% of GDP.

https://tribune.com.pk/story/1585327/2-pakistans-external-debt-liabilities-increase-12-3-85b/

 

[N.Siddiqui]

And that amounts to just 20% of the GDP, and most of that is held by Private players who raise money from abroad by issuing shares or bonds. Again India's Forex reserve is more than 400US billion $, that covers more than 80% of India's external debt. What's the equivalent ratio of Pakistan?

Finally you got it...Pakistan also raises a good part of it through Sukuk bonds and T-bills, but that again is good as external debt with very high interest rates of 6-7% payable. And the point is as for the debt situation not much of a difference between the two countries.

Foreign exchange reserves are not used for debt servicing rather for imports and some other payments. It has no bearing on interest rates payable by the Indian government to foreign lenders.

In % terms, India's external debt is 20.5% of GDP, whereas for Pakistan it is 27.5% of GDP.

Right...minuscule difference, keeping in mind the size of the two economies.

 

[ziaulislam]

LOL... the first comment on this portal run by an anti establishment troll is :

"This is a bullshit article filled with wrong facts!!!. Couldnt find anything supporting the numbers mentioned here."

LOL

India debts are bad debts too...charity begins at home....





Doesn't remittances in USD ads up to and replenishes the foreign exchange reserves as much as FDI and exports and other sources do, Pakistan gets about 21 billion USD as remittances as much as the exports earnings and is keeping the reserves from being going insolvent...

problem is that even though exports rose for the first time and remittances are all time high, we still had a rapid growth in imports outpacing both the remittances and exports
these imports were specially driven by huge equipment related imports but we are also importing things we shouldn't... including oil by products and steel

 

[BDforever]

ISLAMABAD: The public debt of Pakistan to GDP ratio has been increased to 67.2 percent due to increased borrowing by the present government in its tenure which is 7.2 percent above the legal ratio of 60 percent to the GDP allowed by the parliament through legislation.

According to the data, available from the Ministry of Finance the total Public Debt to GDP ratio recorded at 67.2 percent while total Government Debt to GDP ratio stood at 61.6 percent at end of June 2017. The data further revealed that Pakistan witnessed a marginal increase of 1.4 percent (from 60.2 percent in 2013 to 61.6 percent in 2017) in its total government debt to GDP ratio during last four years while during the same period global debt to GDP ratio increased by about 8 percent.

http://www.onlinenews.com.pk/index.php?page=newsdetail&news_id=11210

And this does not include various debts including Loans for CPEC since Ishaq DAR changed the definition of the term 'debt' twice. As pasha has predicted the actual debt to GDP ratio is close to 75-80 %.

our Debt to GDP ratio is around 5% , is it good ? :/

 

[El Sidd]

Alhumdulilah

 

[ziaulislam]

our Debt to GDP ratio is around 5% , is it good ? :/

Bangladesh doesnt release values of total debt as Pakistan and India, they do it separately for public, ext and liabilities
but i think its around 55-60% much better than both pakistan/india