Re: Budget of Pakistan Army
National debt on Pakistanis is of two types, foreign dollar debt and domestic rupees debt.
Total debt = foreign debt plus domestic debt.
I think above quoted figures is for total debt per Pakistani and not foreign debt per Pakistani.
Well, why don’t we do calculation ourselves? … Here is Pakistan population, debt in dollars (as state bank graph shows), $ to Rs exchange rate, equivalent debt in rupees (using prevailing exchange rate of the year)… and thus foreign debt per Pakistani.
Debt figure is till 30 June of the year (as Pakistan end of financial year is 30 June):
Year … Pop (m) … debt ($) … ex rate (Rs/$) … eq debt (Rs) … foreign debt per Pakistani (debt in rupees divided by pop).
2005 … 158.6 m … $35 bn … 60 (June 2005) … Rs 2100 bn … Rs 13240
2006 … 161.5 m … $37 bn … 60 (June 2006) … Rs 2220 bn … Rs 13746
2007 … 164.4 m … $40 bn … 60 (June 2007) … Rs 2400 bn … Rs 14598
Debt figure till end of Feb (election time)
2008 … 167.4 m … $40 bn … 62 (Feb 2008) … Rs 2480 bn … Rs 14814
2008 … 167.4 m … $46 bn … 68 (June 2008) … Rs 3128 bn … Rs 18685
2009 … 170.5 m … $52 bn … 82 (June 2009) … Rs 4264 bn … Rs 25008
2010 … 173.6 m … $56 bn … 85 (June 2010) … Rs 4760 bn … Rs 27419
2011 … 176.5 m … $60 bn … 86 (June 2011) … Rs 5160 bn … Rs 29235
THUS FOREIGN DEBT PER PAKISTANI
Year: Rupees
2005: 13,240
2006: 13,746
2007: 14,598
2008: 18,685
2009: 25,008
2010: 27,149
2011: 29,235
Above figures are as calculated. I cannot predict about future.
As for domestic rupee debt, this is also increasing fast since 2008 … @ 25 percent a year and has more than doubled in last 4 years. Here is data of Pakistan domestic debt since June 2000 to Feb 2012:
FY 2000 (at the end of June 2000): Rs 1578 bn
FY 2001 (at the end of June 2001): Rs 1731 bn
FY 2002 (at the end of June 2002): Rs 1717 bn
FY 2003 (at the end of June 2003): Rs 1853 bn
FY 2004 (at the end of June 2004): Rs 1979 bn
FY 2005 (at the end of June 2005): Rs 2149 bn
FY 2006 (at the end of June 2006): Rs 2321 bn
FY 2007 (at the end of June 2007): Rs 2601 bn
FY 2008 (at the end of June 2008): Rs 3266 bn
FY 2009 (at the end of June 2009): Rs 4038 bn
FY 2010 (at the end of June 2010): Rs 4895 bn
FY 2011 (at the end of June 2011): Rs 6231 bn
2012 (till Feb 2012): Rs 7215 bn
(FY ends 30 June 2012, so by then debt would increase further)
Shows that Pakistan domestic debt increased from 1578 bn in June 2000 to 2601 by June 2007, or by 64.8 percent in 7 years
But then … it increased from Rs 2601 bn in June 2007 to Rs 7215 by Feb 2012 … or 177 percent (almost tripled) in last 4 and half years.
Source: Rupees to dollar exchange rate (June 2001 to date):
ExchangeRate.com - Currency Chart US Dollar vs Pakistan Rupee USD/PKR June 30, 2001 to April 18, 2012