सार्वजनिक ऋण २९ खर्ब ६१ अर्ब नाघ्यो, जीडीपीको ४४.८७ प्रतिशत पुग्यो दायित्वNepal's Public Debt Exceeds Rs 2.961 Trillion, Reaches 44.87% of GDP

Kathmandu: Nepal's total public debt has surpassed Rs 2.961 trillion during the first 11 months of the current fiscal year, according to the Public Debt Management Office (PDMO).

Compared to the beginning of the fiscal year, the country's public debt has increased by approximately Rs 287 billion, pushing the debt-to-GDP ratio to 44.87 percent.

The PDMO reported that 53.49 percent of the total public debt consists of external borrowings, while 46.51 percent is made up of domestic debt. Although the government has been mobilizing loans to finance development projects and manage the national budget, lower-than-expected foreign borrowing has led to greater reliance on domestic debt.

The report states that the government has achieved only around 70 percent of its annual borrowing target for the current fiscal year. Most of the funds raised have come from domestic sources, while external loan mobilization has remained significantly below expectations.

At the same time, the government's obligations for principal repayment and interest payments continue to rise as the overall debt stock expands, increasing pressure on public finances.

The report also highlights that fluctuations in foreign exchange rates, particularly the appreciation of the US dollar, have contributed to the increase in Nepal's public debt when measured in local currency.

While public borrowing remains an important tool for financing infrastructure and economic development, the growing debt burden, weaker-than-expected external financing, and rising debt servicing costs indicate that effective debt management will remain a major challenge for the government in the coming years.