Kathmandu, Nov 20: Public debt has increased by Rs 84 billion in the first four months of the current fiscal year 2081-82 BS (2024-25) in Nepal. According to the Public Debt Management Office, the total public debt now exceeds 44 percent of the Gross Domestic Product (GDP).
At the start of the fiscal year, public debt stood at Rs 2434.90 billion. By November 15, it had risen to Rs 2518.50 billion, an increase of Rs 83.95 billion. This amount now represents 44.94 percent of the GDP. Of this total, internal debt amounts to Rs 1252.16 billion, while external debt stands at Rs 1265.90 billion.
In terms of the GDP, internal debt makes up 21.95 percent, while external debt makes up 22.19 percent. The government aims to raise a total of Rs 547 billion in public loans this fiscal year, with Rs 165.72 billion already raised in the first quarter, representing 30.30 percent of the annual target.
The government’s target for public loans this fiscal year was Rs 330 billion, of which Rs 144 billion has been raised in the first quarter, 43.64 percent of the annual target. Additionally, the government aims to raise Rs 217 billion in external loans by November 15, with Rs 21.72 billion, or 10.1 percent of the target, already raised.
A budget of Rs 402 billion has been allocated for the reimbursement of principal and interest on public loans this fiscal year. As of November 15, Rs 108.14 billion has been paid, representing 1.90 percent of the total GDP. #gdp #nepal #publicDebt
