PDM’s financial management led to a sharp increase in per capita debt
Photo: Tribune Creative Islamabad: A new legally mandated fiscal policy statement has revealed the worst financial management by Pakistan’s Democratic Movement coalition government, resulting in spending over Rs2.2 trillion over budget and a 25% increase in the debt burden for every citizen. The Finance Ministry’s Fiscal Policy Statement 2024 showed a sharp increase in debt in the fiscal year 2022-23, the period when the PDM ruled Pakistan. The debt of each citizen rose by 25.2% to Rs 271,624 by the end of the previous financial year. In absolute terms, each person’s debt rose by Rs 54,500 in a year, the
