Rs9,775 billion would go to interest payments, he said when he presented the important points of the annual budget. The budget deficit has been projected at 6.9 per cent of the gross domestic product.

Pakistan’s public debt, both domestic and foreign, has soared to Rs67,525 billion in the fiscal year, up Rs4,644 in the last fiscal year, according to the Pakistan Economic Survey report.

The reason for such an increase was the federal primary deficit (surplus) and interest on the debt.

Pakistan’s public debt surged by Rs67.5 trillion as of the end of March compared to the previous year as the country looked for avenues to support its economy.

On Tuesday, Aurangzeb said that repayment would not be a big issue for the next fiscal year.

“I do see some of the commercial bank borrowing coming in,” the finance minister said in response to a query at the press conference.

One of the graphs in the report showed that the total per cent of public debt to GDP stood at 75%.

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Debt sustainability depends upon four key ingredients: primary balances, real growth, real interest rates, and debt levels, said the International Monetary Fund in a March 28 blog.

“Public debt as a fraction of gross domestic product has increased significantly in recent decades, across advanced as well as emerging and middle-income economies. It is expected to reach 120 per cent and 80 per cent of output respectively by 2028,” it said.

Following is the breakup of resources and expenditures:

• Total expenditure: Rs18,877 billion

• Tax revenue (FBR) – Federal Consolidated Fund: Rs12,970 billion

• Non-Tax Revenue: Rs4,845 billion

• a) Gross Revenue Receipts: Rs17,815 billion

• b) Less Provincial Share: Rs7,438 billion

• I.Net Revenue Receipts (a-b): Rs10,377 billion

• II. Non-Bank Borrowing (NSSs & Others) – Public Account: Rs2,662 billion

• III. Net External Receipts – Fed. Consolidated Fund: Rs666 billion

• VI. Bank Borrowing (T-Bills, PIBs, Sukuk) – Fed. Consolidated Fund: Rs5,142 billion

• V. Privatisation Proceeds – Fed. Consolidated Fund: Rs30 billion

• Total (II+III+IV+V): 8,500

• Current: Rs17,203 billion

• Interest Payments: Rs9,775 billion

• Pension: Rs1,014 billion

• Defence Affairs & Services: Rs2,122 billion

• Grants and Transfers to Provinces & Others: Rs1,777 billion

• Subsidies: Rs1,363 billion

• Running of Civil Govt: Rs839 billion

• Provision for Emergency and others: Rs313 billion

• Development: Rs1,674 billion

• Federal PSDP: Rs1,400 billion

• Net Lending: Rs274 billion