Nepal’s Public Debt Crosses Rs 29 Kharba, Reaching 45 Percent of GDP
Summary
Nepal’s total public debt has climbed to Rs 2,973 billion, equivalent to more than 45 percent of GDP. By mid-September, the government had borrowed Rs 61 billion this fiscal year and paid Rs 85 billion toward debt servicing.
Key Points
- Nepal’s public debt reached Rs 2,973 billion, or 29.73 kharba, by mid-September.
- The debt stock equals over 45 percent of the country’s GDP, split between domestic and external borrowing.
- The government has collected Rs 61 billion against its Rs 658 billion borrowing target for the current fiscal year.
- It has already spent Rs 85 billion on debt repayment and interest, or 20.34 percent of its annual allocation.
