Nepal's Rising Public Debt Sparks Concerns Among Former Officials and Legal Experts
Summary
Nepal's public debt has reached 45.1% of GDP, raising concerns about project productivity and management among former officials and experts, with calls for comprehensive debt policy reforms.
Key Points
- Nepal's total public debt is 2974 billion rupees, constituting 45.1% of its GDP.
- About 27.14% of government revenue is spent on debt principal and interest repayment.
- Delays and poor contract management in projects have escalated costs and debt burden.
- Experts call for transparency, project prioritization, and improved negotiation capacity with foreign donors.
