Nepal’s public debt reaches 3 trillion rupees, exceeding 45 percent of the economy
Nepal's total debt liability has reached 45.59 percent of the size of its economy. Of this, external debt accounts for 24.22 percent, while internal debt liability stands at 21.37 percent. The government's debt-related payments over the three-month period amount to 1.50 percent of the economy.
KATHMANDU:- Nepal’s public debt liability has surpassed 3 trillion rupees. According to the monthly report released by the Public Debt Management Office—covering the period up to Asoj of the current fiscal year 2083/84—the total public debt liability has reached 3 trillion, 9 billion, 116 million, and 660 thousand rupees. Of this total, external debt alone amounts to 1 trillion, 598 billion, and 800 million rupees, which accounts for 53.13 percent of the total debt.
Similarly, the report states that 45.59 percent of the total debt—amounting to Rs 1.41 trillion (Rs 1,410.31 billion)—consists of domestic debt liabilities. It further indicates that debt increased by Rs 123.32 billion within just the first three months of the current fiscal year, up to the end of Ashoj.
Of this amount, the government has already mobilized Rs 100 billion in domestic debt and Rs 23.32 billion in external debt. For the current fiscal year alone, the government has set a target to mobilize a total of Rs 658.28 billion in debt.
The government is not only raising debt but is also consistently making debt repayments. The office has reported that, up to the month of Ashoj alone, it has settled debt obligations amounting to approximately Rs 99 billion. Of this total, Rs 82.74 billion has been paid toward domestic debt.
According to the report, this includes Rs 65.10 billion paid toward the principal and Rs 17.63 billion paid as interest.
Over the past three months, the office has made payments totaling Rs 16.13 billion toward foreign debt. This includes Rs 12.64 billion in principal repayments and Rs 3.49 billion in interest payments. For the current fiscal year, the government has set a target to repay debts amounting to Rs 417.88 billion.
Nepal’s total debt liability has reached 45.59 percent of the size of its economy. Of this, external debt accounts for 24.22 percent, while internal debt liability stands at 21.37 percent. The government’s debt-related payments over the three-month period amount to 1.50 percent of the economy.
