KATHMANDU: The federal government has secured Rs 99.20 billion in external loans during the first 11 months of the current fiscal year, which is less than 46 percent of its Rs 217 billion target.
According to a report from the Public Debt Management Office, foreign loans received as of mid-June amount to just 45.72 percent of the target. In contrast, internal debt mobilization is progressing well, with around Rs 315 billion collected—95.45 percent of the Rs 330 billion target.
Most foreign loans are categorized under capital expenditure and fund development projects. However, a slowdown in development activities has hindered the inflow of these loans, said Gopi Krishna Koirala, Chief of the Public Debt Management Office.
He added that donor agencies typically provide project-based loans rather than direct budget support, so delays or poor project implementation significantly affect fund disbursement.
The Office of the Auditor General reported that as of Saturday evening, only about 42 percent of the annual capital expenditure target has been achieved.
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