47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...

Public DebtIII. Private Non-Guaranteed DebtThe share of private non-guaranteed debt in totalEDL stood at 6 percent at end-March 2012. Thestock of private non-guaranteed debt decreased by$147 million; from $3.48 billion in June 2011 to$3.34 billion by end-March 2012.Table-9.6: Pakistan External Debt and Liabilities2004 2005 2006 2007 2008 2009 2010 20112012-Q31. Public and Publically Guaranteed debt 29.9 31.1 32.9 35.3 40.6 42.6 43.1 46.7 46.4A. Medium and long term(>1 year) 29.9 30.8 32.7 35.3 39.5 41.1 42.3 46.1 45.8B. Short Term (1 yr) 1.7 1.3 1.6 2.3 2.9 3.3 3.4 3.5 3.33. IMF 1.8 1.6 1.5 1.4 1.3 5.1 8.1 8.9 8.1Total External Debt (1 through 3) 33.4 34.0 36.0 39.0 44.9 51.1 54.6 59.1 57.84. Foreign Exchange Liabilities 2.0 1.8 1.6 1.5 1.3 1.3 1.3 1.0 2.5Total External Debt & Liabilities35.3 35.8 37.6 40.5 46.2 52.3 55.9 60.1 60.3(1 to 4)(of which) Public Debt 31.3 32.1 33.9 36.5 40.9 46.3 49.5 54.6 53.1(In percent of GDP)Total External Debt (1 through 3) 34.1 31.1 28.2 27.3 27.4 31.5 30.9 28.1 25.41. Public and Publically Guaranteed debt 30.6 28.4 25.8 24.7 24.8 26.3 24.5 22.1 20.1A. Medium and long term(>1 year) 30.5 28.1 25.7 24.7 24.1 25.4 24.0 21.8 19.8B. Short Term (1 yr) 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.013. IMF 1.8 1.5 1.2 1.0 0.8 3.2 4.6 4.2 3.54. Foreign Exchange Liabilities 2.0 1.6 1.2 1.0 0.8 0.8 0.6 0.5 1.1Total External Debt & Liabilities(1 to 4)36.1 32.7 29.5 28.3 28.2 32.3 31.5 28.5 26.5Memo:GDP (in billion of Rs.) 5641 6500 7623 8673 10243 12724 14804 18033 20,654Exchange Rate (Rs./U.S. dollar, Period Avg.) 57.6 59.4 59.9 60.6 62.5 78.5 83.8 85.6 90.8Exchange Rate (Rs./US$, EOP) 57.9 59.7 60.2 60.6 68.3 81.4 85.5 86.0 90.7GDP (in billions of U.S. dollars) 98.0 109.5 127.4 143.0 163.8 162.1 176.5 210.8 227.8Source: State Bank of Pakistan, EAD and Debt Policy Coordination Office9.4.1 Composition of Foreign EconomicAssistanceThe total amount of foreign economic assistancereceived in the first nine months of 2011-12 stoodat $1,660 million. The composition of thisassistance is as follows:I. CommitmentsThe commitments of foreign economic assistancewere $4,580 million during 2010-11, while duringJuly-March 2012, total commitments amounted to$1,967 million. About 76 percent of totalcommitments during July-March 2012 were in theshape of project aid while the remaining comprisednon-project aid. Out of total non-project aid, shareof BOP/budgetary support was 78 percent.II. DisbursementsDuring July-March 2010-11, disbursements of$1,660 million were for different purposes likeProject Aid ($1,113 million), Programmeloans/BudgetarySupport ($99 million) and relief($448 million). Project aid accounted for 67percent of the total disbursements.9.4.2 External Debt ServicingDuring fiscal year 2011, external debt servicingsummed to US$ 4,799 million that is 14.3 percentlower than the previous year. A segregation of thisaggregate number shows a payment of US$ 2,348million in respect of maturing EDL stock whereinterest payments were US$ 963 million. US$1,488 million was rolled-over.133