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TABLE 5.2
CAUSATIVE FACTORS ASSOCIATED WITH MONETARY ASSETS
(Rs million)
End March |
|||||||||||
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
1999 |
2000 (P) |
|
A. End June Stock |
|||||||||||
| 1 Public Sector Borrowing (net) | 201,174 |
270,165 |
345,167 |
373,433 |
426,520 |
495,047 |
574,023 |
630,745 |
584,791 |
567,878 |
588,080 |
| (i+ii+iii+iv +v+vi+vii) | |||||||||||
| i. Net Budgetary Support | 194,501 |
257,074 |
322,772 |
345,917 |
382,336 |
434,062 |
504,562 |
552,580 |
505,887 (8) |
507,270 |
529,952 (8) |
| ii. Commodity Operations | 18,675 |
22,869 |
30,204 |
36,786 |
41,519 |
47,377 |
53,079 |
63,664 |
67,309 |
49,217 |
49,422 |
| iii. Zalat Fund etc. | -12,002 |
-9,778 |
-7,809 |
-9,270 |
-11,465 |
-12,522 |
-15,392 |
-18,518 |
-21,793 |
-21,850 |
-24,322 |
| iv Utilization of privatization | |||||||||||
| proceeds by Govt./WAPDA | 36,434 |
37,657 |
37,657 |
37,657 |
37,657 |
||||||
| v. Use of Privatization proceeds/ | |||||||||||
| NDRP Fund for Debt Retirement | 14,130 |
26,130 |
-4,660 |
-5,749 |
-5,749 |
-5,749 |
-5,749 |
||||
| vi Payment to HBL on A/C of HC&EB | 287 |
287 |
287 |
287 |
|||||||
| vii Others | 824 (5) |
1,193 (6) |
1,04 (6) |
833 (6) |
|||||||
| 2 Non-Government Sector | 260,962 |
292,381 |
352.95 |
392,820 |
462,357 |
531,064 |
601,150 |
686,242 |
799,176 |
759,924 |
824,820 |
| i Autonomous Bodies* | 9,374 |
10,661 |
14,594 |
13,744 |
16,955 |
20,121 |
29,196 |
28,302 |
41,051 |
31,341 |
29,826 |
| ii. Net Credit to Private Sector & PSCEs | 251,588 |
281,720 |
338,360 |
379,076 |
445,402 |
510,943 |
571,954 |
657,940 |
758,125 |
728,583 |
794,994 |
| a. Private Sector | 221,062 |
251,311 |
309,595 |
352,363 |
416,094 |
478,701 |
546,815 |
621,595 |
718,653 |
690,372 |
753,367 |
| b. Public Sector Corp. | |||||||||||
| other than 2(i) | 30,526 |
30,409 |
28,765 |
26,713 |
29,308 |
32,242 |
26,818 |
36,345 |
43,124 |
38,211 |
50,619 |
| c. *PSEs Special Account Debt | |||||||||||
| Repayment with SBP | -3,652 |
-8,992 |
|||||||||
| 3 Counterpart Funds | -330 |
-151 |
-546 |
-388 |
-464 |
-617 |
-736 |
-650 |
-589 |
-565 |
-531 |
| 4 Other Items (Net) | -36,857 |
-41,500 |
-52,848 |
-46,537 |
-74,705 |
-58,844 |
-61,899 |
-34,860 |
-57,203 |
-33,976 |
-56,926 |
| 5 Domestic Credit (1 + 2 +3 +4) | 424,949 |
520,895 |
644,729 |
719,328 |
813,708 |
966,650 |
1,114,495 |
1,281,477 |
1,326,175 |
1,293,261 |
1,355,443 |
| 6 Foreign Assets (Net) | -24,305 |
-15,326 |
-49,339 |
-15,930 |
11,027 |
-27,971 |
-61,260 |
-75,157 |
-45,629 |
-44,866 |
-34,410 |
| 7 Monetary Assets (5+6) | 400,644 |
505,569 |
595,390 |
703,398 |
824,735 |
938,679 |
1,053,235 |
1,206,320 |
1,280,546 |
1,248,395 |
1,321,033 |
B. Changes over the year (July-June) |
|||||||||||
| 8. Public Sector Borrowing (net) | |||||||||||
| (i+ii+iii+iv+v+vi+vii) | 27438 (2) |
68,991 |
75,002 |
28,266 |
53,087 |
68,527 |
80,933 |
56,722 |
-74455# |
-62,867 |
3,289 |
| i. Net Budgetary Support | 38332 (2) |
62,573 |
65,698 |
23,145 |
36,419 |
51,726 |
72,457 (9) |
48,018 |
-75,193 (8)'# |
-45,310 (8) |
24,065 (8) |
| ii. Commodity Operations | -5,315 |
4,194 |
7,335 |
6,582 |
4,733 |
5,858 |
5,702 |
10,585 |
3,645 |
-14,447 |
-17,887 |
| iii. Zalat Fund etc. | -5,579 |
2,224 |
1,969 |
-1,461 |
-2,195 |
-1,057 |
-2,870 |
-3,126 |
-3,275 |
-3,332 |
-2,529 |
| iv Utilization of privatization | 1,223 |
0 |
0 |
0 |
|||||||
| proceeds by Govt./WAPDA | 10,304 |
-1,089 |
0 |
0 |
0 |
||||||
| v. Use of Privatization proceeds/ | 287 |
0 |
0 |
0 |
|||||||
| NDRP Fund for Debt Retirement | 14,130 |
12,000 |
-4,660 |
824 (5) |
369 (6) |
222 (6) |
-360 (6) |
||||
| vi Payment to HBL on A/C of HC&EB | |||||||||||
| vii Others | |||||||||||
| 9 Non-Government Sector | 21,702 |
31,419 |
60,573 |
39,866 |
69,537 |
63,429 |
61,879 (4,9) |
83,414 |
112,934 |
73,682 |
25,646 |
| i. Autonomous Bodies* | 592 |
1,287 |
3,933 |
-850 |
3,211 |
3,166 |
-242 (7) |
-894 |
12,749 |
-11,225 |
|
| ii. Net Credit to Private Sector | |||||||||||
| & PSCEs | 21,110 |
30,132 |
56,640 |
40,716 |
66,326 |
60,263 |
62,121 |
84,308 |
100,185 |
3,039 |
36,869 |
| a. Private Sector | 25,096 |
30,249 |
58,284 |
42,768 |
63,731 |
57,329 ** |
59,907 (4) |
74,781 |
97,058 |
70,643 |
34,714 |
| b. Public Sector Corp. | |||||||||||
| other than 2(i) | -3,986 |
-117 |
-1,644 |
-2,052 |
2,595 |
2,934 |
2,214 (7,9) |
9,527 |
6,779 |
68,777 |
7,495 |
| c. PSEs Special Account Debt | |||||||||||
| Repayment with SBP | -3652 |
1866 |
-5,340 |
||||||||
| 10 Counterpart Funds | 178 |
179 |
-395 |
158 |
-76 |
-153 |
-119 |
86 |
61 |
85 |
58 |
| 11 Other Items (Net) | 4,362 |
-4,643 |
-11,346 |
6,309 |
-28,168 |
21,139 ** |
5,152 (4,9) |
26,761 |
6,157# |
884 |
277 |
| 12 Domestic Credit Expansion | |||||||||||
| (8+9+10+11). | 53,680 (2) |
95,946 |
123,834 |
74,599 |
94,380 |
152,942 |
147,845 |
166,983 |
44,697 |
11,784 |
29,268 |
| 13 Foreign Assets (Net) | 5,712 (2) |
8,979 |
-34,013 |
33,409 |
26,957 |
-38,998 |
-33,289 |
-13,897 |
29,529 |
30,292 |
11,219 |
| 14 Monetary Expansions | |||||||||||
| (13+14) | 59,392 |
104,925 |
89,821 |
108,008 |
121,337 |
113,944 |
114,556 |
153,086 |
74,226 |
42,075 |
40,487 |
(1): Till end June 1996 autonomous bodies consisted of WAPDA, OGDC, PTC, NFC, and PTV,
thereafter their composition has been changed as WAPDA, OGDC, PTC. SSDC, SNGPL, KESC and
Pakistan Railways.
(2): Adjusted for SAF loans amounting to Rs 7371 million
(3): Adjusted for Rs 5278 million to exclude the impact arising due to mark up debited to
the borrowers account.
(4): Adjusted for Rs 8207million being mark up debited to the bertewers account
(5): Credit to NHA by commercial Banks.
(6): Credit to NHA and CAA by commercial banks
(7): The difference in flow data is due to change in the composition of autonomous bodies.
(8) Special Account-Debt Repayment Adjusted
#: Adjusted for Rs 28.5 billion on account of Adhoc Treasury Bills created to offset the
government losses due to the unification of exchange rate
Note 1. Totals may not tally due to rounding.
Source: State Bank of Pakistan
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