Net credit to Govt. swells by Rs. 1.7 t

Monday, 28 February 2022 00:30 - - {{hitsCtrl.values.hits}}

Net credit to the Government had ballooned by Rs. 1.7 trillion or 38% to end 2021 at Rs. 6.28 trillion. In 2020 the figure stood at Rs. 4.55 trillion.

Credit by monetary authorities crossed the Rs. 2 trillion mark, 141% from Rs. 869 billion a year ago. Lending by commercial banks to the Government crossed the Rs. 4 trillion mark to Rs. 4.19 trillion, up 14% from the previous year.

Banking sector credit to public corporations grew by 18.6% to Rs. 1.18 trillion from Rs. 1 trillion by end 2020.

Private sector borrowings soar record high