Public Finance Data and Analysis
Free and Open Access to
Borrowings by the government in July from the Central Bank and licensed commercial banks amounted to a whopping Rs.320 billion, nearly double the figure in June, as the government settled a billion dollar bond from printed money while the semi-dormant economic activities weighed on State coffers as tax collection faltered.
According to the latest data available through July, the government had borrowed a total of Rs.318.8 billion during the month, a large part of which or Rs.213.48 billion was caused by the fresh money printed to settle the bond on July 26.
