Public debt reached 58 trillion

Kathmandu. The share of public debt in GDP has reached 47.13 percent. As the government took 28 trillion 78 billion rupees in public debt till the end of February of the current financial year, its ratio to GDP has increased. According to the Public Debt Management Office, the public debt which was 26 trillion 74 billion 4 billion at the beginning of the current year has increased to 28 trillion 78 billion 29 billion by the middle of February.

As of mid-February, the share of foreign debt in public debt is 53.16 percent and the share of domestic debt is 46.84 percent. In the eight months of the current financial year, the government has taken a total of 2 trillion 4 billion 24 billion rupees in public debt. In the current fiscal year, a total of 5 trillion 95 billion public debt was set to be mobilized, but only 2 trillion 95 billion 19 billion rupees have been received by the end of February.

Express

Related News

Cabinet decision to increase police ration scale

Kathmandu. The decisions of the cabinet meeting held on Thursday have been made public. Home Minister and Government Spokesperson Omprakash Aryal announced the decisions of the meeting and informed that various important decisions were made.

Nepal's emphasis on strengthening the United Nations development system

Kathmandu. Nepal has emphasized on the need to strengthen the United Nations development system. Nepal is of the opinion that it is necessary to do so to ensure multilateralism. Lok Bahadur Thapa, Permanent Representative of Nepal to the United Na...

Instructions not to trade in street boxes

Kathmandu. Triyuga Municipality has requested not to do business in the main streets of Gaighat Bazar, the headquarters of Udaipur. Chief Basant Basnet informed that the municipality has also conducted awareness training for 225 sidewalk traders a...

Gold price increased, how much per tola?

Kathmandu. The price of gold and silver has increased in the local market on Sunday. Compared to last Friday, gold has increased by Rs 1,900 and silver by Rs 40. According to the Nepal Gold and Silver Trade Federation, today the price of one tola...

National Life’s “Raising the Bar, Redefining Success”: Business Expansion Accompanied by Recognition of Outstanding Branches and Employees

Gorkha. National Life Insurance Company Limited has successfully concluded its four-day Branch Managers Conference at Hotel Manakamana Hillcrest Resort in Manakamana, Gorkha. Organized under the theme “Raising the Bar, Redefining Success,” the con...

Four construction companies blacklisted, not allowed to participate in government contracts

Kathmandu. The Public Procurement Monitoring Office has blacklisted four construction businessmen and joint venture JVs based on the recommendations of various public bodies. The office has informed that according to sub-section 1 of section 63 of...