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ECONOMY, Republica Watch

Nepal’s public debt soars by Rs 231 billion in just one year

In the fiscal year 2024/25, Nepal’s public debt increased by Rs 231.54 billion. This rise is mainly due to the government’s reliance on loans to fund development projects.
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By DILIP PAUDEL

KATHMANDU,  July 18: Although the size of the national budget has been increasing, the government's debt burden is also rising due to lower-than-expected revenue collection. In the fiscal year 2024/25, Nepal’s public debt increased by Rs 231.54 billion. This rise is mainly due to the government’s reliance on loans to fund development projects.

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