Kathmandu. The government’s outstanding debt has exceeded Rs 2536 billion as of the half-yearly review period of the current fiscal year 2081-82. According to the debt report published by the Public Debt Management Office as of mid-December, Rs 102 billion of government debt has been added in the last six months alone.
‘At the beginning of the current fiscal year, public debt was Rs 2434.9 billion, but by mid-December, it had increased by Rs 102.3 billion, bringing the total public debt liability to Rs 2536.13 billion. Which is 44.46 percent of the gross domestic product,’ the office’s report said.
The share of foreign debt in the total public debt is 51.31 percent, or Rs 1301.41 billion. 73 lakh. The ratio of external debt to gross domestic product is 22.81 percent. Similarly, the share of internal debt in total public debt is 48.68, or Rs 1234.71 billion 41 million. The percentage of internal debt based on gross domestic product is 21.64 percent. The government has set a target of raising a total loan of Rs 547 billion in the current fiscal year, but by mid-December, it has received a loan of Rs 240.8 billion. Compared to the annual target, the loan received so far is 43.89 percent.
While the government has set a target of raising a domestic loan of Rs 330 billion for the current fiscal year, Rs 181.5 billion, or 54.86 percent of the annual target, has been raised by mid-December. Similarly, out of the annual target of raising external debt of Rs 217 billion, 27.20 percent, or Rs 59.3 billion, has been achieved by mid-December.
The government has allocated Rs 42.85 billion for the current fiscal year to pay the principal and interest on public debt. As of mid-December, Rs 182.40 billion has been spent on paying the principal and interest. This is 45.28 percent based on the annual budget allocation. The office has stated that the total debt service expenditure as of mid-December was 3.20 percent based on the gross domestic product.
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