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State debt goes up by a trillion

Central Bank reports reveal that state debt has increased by a trillion rupees (Rs.1000 billion) during the last seven months.

It states the state debt by July this year was Rs.6161 billion, which is an increase of Rs.1,028 billion in the state debt that was Rs.5133 billion at that point.

Economists point out the reason for the increase in state debt is due to the depreciation of the rupee and massive loans taken by the government.

The value of the dollar in relation to the rupee has gone up from Rs.110 to Rs.135 during these seven months.

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