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ISLAMABAD: Members of the Senate from both sides of the aisle on Monday raised alarm over the burgeoning debt of Pakistan, sans a roadmap for economic stability.
On June 12, the government presented the budget for FY27, allocating Rs8,054bn for interest payments.
Speaking on the floor, PPP vice president and parliamentary leader in the Senate, Senator Sherry Rehman, pointed out that approximately 42.8 per cent of the federal budget was being absorbed by debt servicing, including both interest and principal repayments.
“When nearly half of the federal budget is consumed by debt obligations, the space available for development, social protection and public investment becomes severely constrained,” she noted during the budget discussion.
