The debt as of Asar amounts to 45.07 percent of Nepal's total Gross Domestic Product (GDP).
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In the past year, the government’s outstanding public debt has increased by about NPR 300 billion. With this, the total public debt has reached NPR 2 trillion 974 billion 900 million.
In Ashar 2082, the total debt stood at NPR 2 trillion 674 billion 40 million. Compared to a year ago, by the end of last Ashar, public debt had increased by NPR 38 billion 500 million, according to data from the Public Debt Management Office.
The debt as of Ashar amounts to 45.07 percent of Nepal’s total Gross Domestic Product (GDP). The government has set a target to maintain the ratio of outstanding public debt to GDP at 43 percent by the end of the current fiscal year.
However, not all of the increased amount is due to new government borrowing. During this period, the appreciation of foreign currencies, including the US dollar, has added an extra burden to Nepal’s outstanding public debt. Of the outstanding debt, the share of external debt is 53.77 percent and domestic debt is 46.23 percent.
