The government has apprised the National Assembly that the per capita debt jumped to Rs175,000 at the top of last year – an extra burden of Rs54,901 or forty sixth on each national inside 2 years.
In the economic policy Statement of 2020-21, the Ministry of Finance conjointly admitted that the govt. desecrated the business Responsibility and Debt Limitation (FRDL) Act of 2005 by failing to cut back the federal business deficit to four-dimensional of the dimensions of economic system.
The budget deficit stood at eight.6% of value – quite double the limit set by the law, it added.
The statement had been submitted with the National Assembly Secretariat and was on the agenda of assembly proceedings on Thursday.