Compared to the gross domestic product (GDP) of the country, public debt liability has exceeded 45 percent. According to the report published by the Public Debt Management Office, the government debt has reached 26 trillion 11 billion six crores by January of the current fiscal year 2081/82.
'In the beginning of the current fiscal year, the public debt was 24 trillion 34 billion 9 billion, by the end of January, 1 trillion 76 billion 96 billion has been added.
The total public debt to GDP ratio so far is 45.77 percent,' said the report of the office.In the total public debt, the share of foreign debt is 50.87 percent and the share of domestic debt is 49.13 percent. By the end of January, the internal debt is 12 trillion 82 billion 81 billion and the external debt liability is 13 trillion 28 billion 25 billion.
According to the office, only due to the change in the exchange rate, 36.59 billion debt liabilities were added during this period. The government had set a target of raising 5.47 billion public debt for the current year. According to the office, 2 trillion 90 billion 57 million loans have been raised so far. Compared to the annual target, the total public debt collection so far is 53.12 percent.
In the current year, the government's target is to raise three trillion 30 billion domestic and two trillion 17 billion external debt. By the end of January, 2 trillion 29 billion 15 billion domestic debt and 61 billion 42 billion foreign debt have been raised. Based on the annual target, the achievement so far is equal to 69 percent internally and 28.31 percent externally.
Similarly, the government has allocated a budget of four billion two billion 85 million in the current financial year to pay the principal and interest of the loan. According to the office, 1 trillion 78 billion 75 crore interest has been paid in the last seven months. On the basis of the gross domestic product, the debt service cost until the end of January is 3.31 percent.
