ISLAMABAD: The government has lowered the projected public debt repayment target by almost 21 per cent to Rs19.05 trillion for 2024-25, as it reduces the target for treasury bills (T-bills) and prize bonds.

The public debt payments in the outgoing fiscal year were Rs24.08tr, which includes domestic permanent debt and floating debt.

The government plans to reduce repayment for the next fiscal year in the floating debt category comprising prize bonds, T-Bill auctions and Maujjal Ijara Sukuk.

The government has set a Rs12.51tr auction target for T-bills, compared to Rs25.34tr in 2023-24, but auctions worth Rs20.61tr were held in the outgoing fiscal year.

Like FY24, the government has no plan to launch Sukuk bonds for 2024-25.

However, the debt repayment of prize bonds will be around Rs8.99 billion for the next fiscal year, compared to Rs9.01bn in........

© Dawn Business