Kathmandu. In the upcoming fiscal year 2082/83 BS, the government has brought a budget of Rs 1,964 billion, saying its source is foreign loans and grants.
Out of the estimated expenditure for the next fiscal year, Rs 1,315 billion from revenue and Rs 53.45 billion from foreign grants will be less than Rs 595.66 billion. Rs 233.66 billion will be raised from foreign loans to meet the shortfall.
According to the government, rs 362 billion will be borne from internal debt, which would be insufficient for revenue mobilization and foreign aid mobilization. The government is taking large loans from multilateral and bilateral donors in the coming year.
In the government list of lending and grant agencies, the asian development bank (ADB), the World Bank, as well as countries including the UNITED States, China and Japan are also receiving assistance. The government is taking foreign aid of Rs 232 billion in the next fiscal year. On the multilateral side, it is taking only Rs 16.92 billion this year and borrowing more than Rs 215 billion.
Among multilateral donors, the government is taking 117 billion assistance from the Asian Development Bank alone. Under this assistance, the government is preparing to take a loan of Rs 3.26 billion and more than Rs 113 billion from ADB in the coming year.
Similarly, the government is taking foreign aid of Rs 75.8 0 billion from ida i.e. World Bank in a single fiscal year. Out of this assistance, the government is preparing to take 3.75 billion grants and 72.5 billion loans from this donor agency.
Similarly, in the coming fiscal year, the government is also preparing to take huge assistance from another good donor agency of Nepal, SE SP, IMF. Under tremendous pressure from sources, the government is taking foreign aid of Rs 15.06 billion from THE SP in the coming year.
Out of this, more than 10 billion will be loaned. Foreign aid of Rs 11.2billion is being received from the IMF. This assistance to be taken from the IMF will not be a grant. All will be debt.
The government is preparing to take a loan of Rs 4.81 billion from AIIB and rs 4.35 billion from the UNITED Nations.
The government is also extending its hand to bilateral donors for the next fiscal year. Of these, the government is planning to take foreign aid from countries including India, China and america. Similarly, the government has planned to take foreign assistance of Rs 10.86 billion from India in the next fiscal year. Of this, Rs 7.31 billion is expected to come as grant while the rest are loans.
The government, which is seeking Rs 8.37 billion in aid from the European Union, will receive Rs 6.09 billion from Japan next year. Out of this assistance, Rs 1.83 billion is a grant and the government plans to take all other loans. The government is taking foreign assistance of Rs 6.75 billion from China in the next fiscal year alone.
Out of this assistance, only Rs 500 million will be loaned and the government expects all other grants to come.
The government is taking foreign aid of Rs 3.63 billion from Switzerland, Rs 2.25 billion from the Saudi Development Fund and Rs 2.2 billion from the UK. It is also expected to receive grants from the US in the name of government MCC this year.
The share of the country’s public debt has been increasing as the government prepares to receive large amounts of foreign aid from various donor agencies. By the end of 2082/83, the country’s total outstanding debt is estimated to be rs 3.01 trillion.
According to the revised estimate, the public debt will reach Rs 2,692.21 billion by the end of the current fiscal year. The government is coming. V. The government has set a target to mobilise Rs 595.66 billion in public debt, including Rs 233.66 billion external and Rs 362 billion internal.
With the addition of the loan in the next fiscal year, the total public debt is expected to reach Rs 3,010 billion, including rs 1,376.51 billion in internal debt and Rs 1,633.88 billion in external debt.
Experts have warned that the state should be very careful in utilizing the public debt, otherwise the country may be in trouble.
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