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
1.5 lakh shares of Muktinath Development Bank for sale at Rs 135 per share
Kathmandu. Muktinath Bikas Bank Limited has put founder shares on sale. The bank has put 1 lakh 56 thousand 283 shares for sale towards the founder group.
For the purchase of the said shares, any person or company should apply to the office...
Advice to candidates by the Election Commission: Do not delay in opening a bank account
Kathmandu. The Election Commission has advised the House of Representatives candidates not to delay in opening bank accounts. In a press conference held on Friday, the commission informed all the candidates that they have to spend from this accoun...
Imports of LP gas fell by 40.8 percent in a single day, only 128,332 cylinders were imported on August 26.
Kathmandu. There has been a significant decline in the daily import of LP gas in Nepal. According to the data of the Customs Department under the Ministry of Finance, the total import of LP gas on August 26 has decreased by 40.8 percent compared t...
Federation President Dhakal's request to take action against those who vandalized and looted during the Genji movement
Kathmandu. Chandra Prasad Dhakal, President of Federation of Nepal Chamber of Commerce and Industry, has said that the Federation is working hard to solve the problems of entrepreneurs, businessmen and the economy. Add...
National Life honored the CEO Club members of Bagmati Province
Kathmandu. National Life Insurance Company Ltd. has completed the CEO Club member honor program under the chairmanship of the company's chief executive officer at Wave Hospitality located in Kathmandu. In financial year 2081/82, more than 500 agen...
This is the exchange rate of foreign currency on Tuesday
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 153 rupees 78 paisa and the selling rate is 154 rupees 38 paisa.
The b...



