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Started 1 week ago · Updated 1 week ago

Nepal's Public Debt Nears Rs 3 Trillion Amidst Fiscal Year Challenges

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Nepal's total public debt liability has reached nearly Rs 3 trillion by mid-May of the current fiscal year, according to the Public Debt Management Office. The debt now stands at 45.08 percent of the GDP, with foreign debt comprising 53.57 percent of the total. The government has only achieved 61.30 percent of its annual public debt target by mid-May.

  • The total public debt stood at Rs 2.975 trillion by mid-May, an increase of Rs 399 billion from the beginning of the fiscal year, including exchange rate fluctuations.
  • Foreign debt accounts for Rs 1.593 trillion (53.57 percent) and domestic debt totals Rs 1.381 trillion (46.43 percent) of the outstanding debt.
  • The government achieved 82.50 percent of its domestic debt target, raising Rs 298.66 billion, but only 28.46 percent of its foreign debt target, with Rs 66.49 billion raised.
  • Industrial establishments in Parsa are reportedly facing issues in providing data for the economic census, according to the Statistics Coordination Office, Birgunj.

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Public Debt Management Office Pushkar Bijukchhen Birgunj Chamber of Commerce and Industry Parsa Hari Prasad Gautam Statistics Coordination Office, Birgunj

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