Increase in debt stock can’t be termed as borrowing: Finance Ministry

ISLAMABAD, Mar 8 (APP):The ministry of finance on Friday clarified a report in a section of media which contends that the government has borrowed Rs 2.9 trln in just 7 months to finance budget deficit which is not correct as increase in debt stock can not be termed as borrowing of the government.

A statement of the ministry explained that the increase in debt stock incorporates devaluation impact due to depreciation of Pak Rupee against US Dollar as well as impact of increase in credit balance of the government with the banking system, it added.