Nepal's public debt for the first time reached 30 trillion, 45.59 percent of GDP!
Kathmandu. The total public debt of Nepal has exceeded 30 trillion rupees for the first time. According to the Public Debt Management Office, the total public debt of the government has reached Rs. This is 45.59 percent of GDP.
By the end of June of the last financial year 2082-83, the public debt of the government was 29 trillion 81 billion 70 million 28 lakh rupees. Since then, in three months, the government has received a new loan worth Rs. During this period, 77 billion 74 crore 78 lakh rupees have been spent on repayment of old debt.
According to the office, due to the change in the foreign exchange rate during this period, the foreign debt liability decreased by 18 billion 164 million rupees. When adjusting the effect of new loans, repayment of principal and exchange rate, it appears that the public debt has increased by 27 billion 41 crore 38 lakh rupees compared to the end of June.
Out of the total public debt, the share of foreign debt is 53.13 percent and the share of domestic debt is 46.87 percent. In proportion to GDP, domestic debt is 21.37 percent and foreign debt is 24.22 percent. This shows that the share of external sources in Nepal's public debt is still high.
Express
Related News
What is the value of the dollar?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 152 rupees 82 paisa and the selling rate is 153 rupees 42 paisa. The buying...
Iran turning problems into opportunities, making billions of dollars under the guise of war
Kathmandu. Iran has turned the war with the US and Israel into an opportunity. The U.S. targeted military bases near the island of Kharg Iran, but did not directly target an oil terminal for fear of a global oil crisis. Taking advantage of this, I...
Foreign currency exchange rate announced: what is the price of dollar, euro and pound?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the information released by the Central Bank, today the buying rate of one US dollar is 152 rupees 04 paisa and the selling rate is...
Demand of the transport industry from the government to implement the tax exemption continuously and uniformly
Kathmandu. The National Federation of Nepal Transport Professionals has demanded from the government to implement the 60 percent tax discount that the transport sector is getting continuously and consistently. The Federation has sent a letter to t...
New government pricing of land in Kathmandu Valley: Newroad, Darbarmarg and Maitighar areas are the most expensive
Kathmandu. The land administration offices under the Land Management and Records Department have published the minimum valuation of land across the country for the new financial year 2083 and 84, i.e. the government value. Based on the purpose of...
Purchase of paddy at support price by cooperative in Bardia, relief to farmers
Bardia. The government had fixed the minimum support price of rice at the time to provide a fair price of rice to the farmers. Although the minimum support price of paddy was fixed, the farmers were not able to get the...



