Soaring govt borrowing: grim fiscal reality – Editorials

EDITORIAL: State Bank of Pakistan (SBP) reported a statistic that should send alarm bells ringing throughout the country but particularly for all stakeholders, political and institutional, that the federal and provincial governments borrowed 2.876 trillion rupees from 1 July 2023 to 16 December 2023 against 961 billion rupees borrowed in the comparable period last fiscal year – a 200 percent…