INSIDE THE NUMBERS: The Ledger of a Mirage—How Nepal is Borrowing to Breathe
▸ Part of: Nepal's Public Debt Surges by Rs. 300 Billion in Ten Months, Reaching Rs. 2.97 Trillion
Nepal's public debt-to-GDP ratio has been artificially lowered through revised GDP estimates, masking an all-time high actual public debt of Rs 2,975.04 billion. The government is aggressively borrowing domestically, draining liquidity from the private sector and hindering economic growth. Significant exchange rate losses have added Rs 167.75 billion to foreign debt obligations, while debt servicing costs exceed the capital development budget.
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