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Saturday Jun 15, 2024

Rs 2400 billion outstanding public debt


Nepalnews
2024 May 25, 17:14,

 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. 


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