Rs 2400 billion outstanding public debt « Khabarhub
Thursday, July 25th, 2024

Rs 2400 billion outstanding public debt


25 May 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The country’s outstanding public debt has reached nearly Rs 2,400 billion.

The public debt witnessed a rise of Rs 98 billion in the last 10 months of the current fiscal year alone, according to Public Debt Management Office (PDMO).

In the beginning of the current fiscal year, the public debt stood at Rs 2,299 billion, the Office said, adding that the public debt accounts 42.02 percent of gross domestic product (GDP).

The last month, Baisakh, witnessed 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 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

Publish Date : 25 May 2024 18:38 PM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

Korean Embassy extends best wishes for Nepali players to Paralympic-2024

KATHMANDU: The Embassy of South Korea in Nepal today feted

Province Minister Yadav demands details of incomplete projects

DHANUSHA: Minister for Energy, Irrigation and Water Supplies for the

Cabinet decisions: Cities to be free of street children within a year

KATHMANDU: The government has resolved to eradicate the persistent issue

Around Rs 40 million collected in one year from monetary offerings at Pathibhara Temple

TAPLEJUNG: The temple of Hindu goddess Pathibhara in Taplejung has