The total government debt currently outstanding by the government is equivalent to 45.95 percent of gross domestic product.
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Nepal's public debt has exceeded 28 trillion rupees. At the beginning of the current fiscal year 2082/83, the total public debt was 2674 billion and 440 million rupees, but by mid-December, it had increased by 132 billion and 340 million rupees to 286 billion and 390 million rupees.
The total government debt currently outstanding by the government is 45.95 percent of the gross domestic product.
According to the Public Debt Management Office, the share of foreign debt in the total public debt is 53 percent, or 1487.2622 billion rupees, and the share of domestic debt is 47 percent, or 1319.111 billion rupees. Based on the gross domestic product, the ratio of domestic debt is 21.60 and the ratio of external debt is 24.35 percent.
The government has set a target of raising public debt equal to 595 billion rupees for the current fiscal year. By the half-yearly review period, 214.55 billion rupees has been raised. Which is 36.02 percent of the annual target.
The office stated that the share of domestic debt in the debt raised by the government in the last six months was 82.81 percent and the share of external debt was 17.19 percent. The government has set a target of raising Rs 362 billion in internal debt for the current fiscal year, and has already raised Rs 177 billion 666.9 million by mid-December. Similarly, against the government's target of raising Rs 233 billion 663.1 million towards external debt, only Rs 36 billion 892.2 million has been raised so far.
A large amount has also been spent on paying the principal and interest on public debt in the last six months. The government has allocated a budget of Rs 411 billion 10 million for the current fiscal year to pay the principal and interest on public debt, and Rs 187 billion 12 million has been paid by mid-December. Of this, Rs 155 billion 1354 thousand has been spent on paying the principal and interest on internal debt and Rs 31 billion 991.2 million has been spent on paying the principal and interest on public debt.
Similarly, the office has stated that Rs 152.89 billion and Rs 34.23 billion have been spent on interest payments on both internal and external loans in the last six months. Based on the gross domestic product, the total debt service expenditure as of mid-December is 3.06 percent.
