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The debt bomb

50 20 0
01.12.2019

From 1947 to 2008:over the 61-year period we had four governor-generals, nine presidents and twenty-three prime ministers. All of them put together managed to accumulate a mere Rs6 trillion in debt. In 2008, our per capita debt stood at Rs36,000.

2008-13: Over the five-year period we had Asif Ali Zardari as president and two prime ministers – Yousaf Raza Gilani and Raja Pervez Ashraf. The three of them managed to take our debt from Rs6 trillion to Rs16 trillion. Over the five-year period we added a colossal Rs10 trillion worth of debt. Over the five-year period, on average, we were taking on Rs5.5 billion worth of debt every single day.

Over the 5-year period, the PPP government increased our per capita debt from Rs36,000 to Rs88,000. Imagine: it took us 61 years to accumulate Rs36,000 worth of........

© The News on Sunday