Kathmandu. The government’s public debt has reached Rs 2.975 trillion. According to the Public Debt Management Office, the size of public debt has reached close to Rs 3 trillion by mid-April of the current fiscal year 2082/83.
According to the office, the public debt of Rs 532.91 billion has been added in the first 10 months of the current fiscal year. In the same period, the government paid Rs 231.92 billion as principal. At the same time, the net increase in public debt in the first 10 months was Rs 399 crore.
The public debt stood at Rs 2,674.04 billion as of mid-July of the last fiscal year. Internal debt has reached Rs 1,381.22 billion and external debt has reached Rs 1,593.81 billion by mid-April.
According to the office, the strengthening of the US dollar this year has further put pressure on external debt due to the exchange rate. Due to the exchange rate, the external debt liability has increased by Rs 167.75 billion.
The government has mobilized Rs 365.16 billion in public borrowing till mid-April of the current fiscal year. Of this, internal debt stood at Rs 298.66 billion and external debt stood at Rs 66.49 billion.
The government has also spent a large amount of money on the principal and interest payment of public debt. The government has spent Rs 292.52 billion in loans till mid-April. Out of this, the government has paid Rs 231.92 billion as principal and Rs 60.59 billion as interest payment.
The government has paid Rs 185.66 billion as principal and Rs 50.52 billion as interest towards internal loans. Out of the bank, Rs 46.25 billion has been paid as principal and Rs 10.06 billion in interest.
According to the data of the Ministry of Finance, public debt has almost doubled in the last 7 years. Public debt stood at Rs. 1,433.40 billion in the fiscal year 2019/20. Now this amount has increased to about 30 trillion rupees.
प्रतिक्रिया दिनुहोस्
