KATHMANDU: Nepal’s public debt has nearly reached Rs 2.8 trillion, according to the Public Debt Management Office (PDMO).
As of the end of Mangsir (December 15) in the current fiscal year, the country’s public debt stood at Rs 2.788 trillion.
At the end of the previous fiscal year in Asar (mid-July), Nepal’s public debt was Rs 2.674 trillion, meaning an increase of Rs 114.48 billion over the past five months. The PDMO stated that public debt now accounts for 45.66 percent of the country’s gross domestic product (GDP).
During the review period, domestic debt reached Rs 1.301 trillion, equivalent to 21.31 percent of GDP, while foreign debt stood at Rs 1.486 trillion, or 24.35 percent of GDP.
The government secured Rs 175.12 billion in public debt in the first five months of the current fiscal year. Although the target for the full fiscal year is Rs 595 billion, only 29.40 percent of the planned debt has been mobilized so far. Of this, domestic debt accounted for 40.79 percent and external debt 11.75 percent of the total mobilized amount.
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