The government's outstanding public debt has increased to Rs 2788.53 billion as of Mangsir. This is 45.66 percent of Nepal's gross domestic product (GDP).
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Public debt has increased by about 1.25 trillion rupees in the first five months of the current fiscal year (Shrawan-Mansir). Data released by the Public Debt Management Office on Monday showed that 114.48 billion rupees had been added in the past five months.
With this, the government's outstanding public debt has increased to Rs 2788.53 billion as of Mangsir. This is 45.66 percent of Nepal's gross domestic product (GDP). As of last Asad, the public debt was Rs 2674.04 billion.
Of the outstanding public debt, Rs 131.63 billion (21.31 percent of GDP) is internal and Rs 1486.90 billion (24.35 percent of GDP), according to the Public Debt Management Office.
In the last five months, Rs 175.12 billion of loans have been received, and Rs 167.10 billion has been repaid. Of the total amount paid, Rs 138.30 billion has been spent on principal and the remaining Rs 28.70 billion on interest.
