ISLAMABAD : Debt Burdon on every Pakistani has jumped to Rs 216708, potentially by 21 percent compared to the end of previous fiscal year, local media reported Sunday.

The media report, quoting annual report of the Ministry of Finance, stated that debt on every person was increased due to wrong economic policies of current as well as previous fiscal year.

According to media report, policy statement showed that per person debt burden increased from Rs179,100 in June 2021 to Rs216,708 by June 2022. The media report claimed that policy statement has not been made public yet – but is expected to be presented before National Assembly this week.

“Over one-fifth increase in per capita debt in one year indicates the speed at which the country is sinking under the debt burden. The Ministry of Finance has worked out the per capita debt on the assumption of a population of 227 million people. The report mentioned that fiscal year 2021-22 steered the economy to a growth of 6%. “This growth could have been more sustainable, if led by investment rather than consumption,” said the finance ministry, according to media report.