सिंहदरबार संवाददाता
Kathmandu. The public debt liability has exceeded 45 percent compared to the country’s gross domestic product (GDP). According to a report published by the Public Debt Management Office, the government debt has reached 2611 billion 600 million by Magh of the current fiscal year 2081/82.
‘The public debt at the beginning of the current fiscal year was 2434 billion 900 million, but by mid-Magh, it has increased to 176 billion 960 million. The total public debt to GDP ratio so far is 45.77 percent,’ the office’s report said.
In the total public debt, the share of foreign debt is 50.87 percent and the share of domestic debt is 49.13 percent. As of mid-Magh, the internal debt is 1282 billion 810 million and the external debt liability is 1328 billion 250 million. The office has stated that 36 billion 590 million debt liability has been added during this period due to the change in the exchange rate alone.
The government had set a target of raising 547 billion public debt for the current fiscal year. So far, the office has raised 290 billion 570 million in debt. The total public debt collection so far is 53.12 percent compared to the annual target.
The government has a target of raising 330 billion internal and 217 billion external debt in the current fiscal year. As of mid-Magh, 292 billion 150 million in internal debt and 61 billion 42 crore in external debt have been raised. Based on the annual target, the current achievement is 69 percent internally and 28.31 percent externally.
Similarly, the government has allocated a budget of 402.85 billion rupees in the current fiscal year to pay the principal and interest on the loan. The office has stated that 178.75 billion rupees have been paid in principal and interest in the last seven months. Based on the gross domestic product, the debt service expenditure as of mid-Magh is 3.31 percent.
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