My Republica
Our Portal
My City
From
The Print
Republica

We are a team of professional management and journalists — one of the best in the Nepali media. Our duty toward our readers is to provide them with impartial news, bold views, in-depth analysis and thought-provoking commentary. We shall do this without fear or favor, and we shall be guided by nothing but our conscience.

Know More

Latest Article By Author

Published On: May 25, 2024 07:20 PM NPT By: Republica

Nepal’s outstanding public debt Rs 2.4 trillion

Nepal’s outstanding public debt Rs 2.4 trillion

KATHMANDU, May 25: The country's outstanding public debt has reached nearly Rs 2.4 trillion. The public debt witnessed a rise of Rs 98 billion in the last 10 months of the current fiscal year alone, according to the Public Debt Management Office (PDMO).

In the beginning of the current Fiscal Year, the public debt stood at Rs 2.299 trillion, the Office said, adding that the public debt accounts for 42.02 percent of gross domestic product (GDP).

Last month witnessed a Rs 11.64 billion rise in the public debt. 

Of the total debt, internal debt accounts for 20.76 percent of the GDP, while foreign debt makes up 21.26 percent. 

The report updated by the PDMO mentioned that the government collected a total of Rs 264. 63 billion loan till the end of Baisakh, while it was able to pay off Rs 166.55 billion principal in the same period. 

Similarly, of the total loan recovery, internal loan makes up Rs 191 billion while the foreign loan accounts for Rs 73.63 billion. 

RSS

Leave A Comment