The National Debt Recovery Bill, 2082 has been passed by the majority in the House of Representatives. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel submitted a proposal to pass the bill.

Answering the questions raised during the discussion on the proposal, Finance Minister Poudel said that it is necessary to take loans to fulfill the aspirations of production, productivity growth and development and prosperity. He mentioned that the suggestions from the House that loans should be taken only for capital expenses and not for ordinary expenses are acceptable.

is 'borrowing to increase production and productivity. If we look at the source of the budget for the current financial year and the next financial year, it has been proposed to increase the responsibility of the expenditure to be borne by the internal revenue. The liability of expenses incurred from loans has decreased,' said Paudel. He also said that more money is spent to pay the principal interest of past loans.

During the discussion on the bill, MP Dr. Prakasharan Mahat said that increasing public debt and not being able to spend such money on capital formation is a serious problem. The size of domestic debt is increasing every year. It is important for the government to be serious about whether to take internal or external debt. "If we continue to take internal loans to cover ordinary expenses, it will not be sustainable," he said.

Former Finance Minister Mahat has said that a large part of the internal debt is going to general expenses. At present, the government is taking internal loans from banks and financial institutions and spending on simple topics such as salaries and allowances through the budget, he emphasized that such a trend should be stopped.

At present there is plenty of liquidity in banks and financial institutions, but there is no problem with the government raising internal debt, but in the future due to lack of liquidity banks and financial institutions will not be able to invest in other sectors and they should be aware of the possibility that the interest rate will also increase. Dr. also suggested that alternative sources such as bonds should be found to raise internal debt. It was important.

Another MP Hitraj Pandey has also said that the government debt could not be spent on capital formation. "We have started spending a lot on ordinary nature items by taking loans, it should be spent on capital items that increase production. After analyzing the returns, arrangements should be made to take loans only for certain schemes,' said Pandey. He said that public debt should be spent for the mining, processing and use of mines and mineral products.