Debt payments to the government of Nepal, both inside and outside the country, have exceeded Rs. According to the data of the Ministry of Finance, the government has incurred a debt of Rs.
Out of this, the government borrowing with the international community has reached Rs 4 trillion, while the internal debt is Rs 4 trillion. In the last fiscal year, government debt increased by 8.5 percent.
This year, the government borrowed a total of Rs. Of this, the loan amounted to Rs. During this period, 3 billion rupees have been paid in interest and interest.
According to the data, the borrowings from external donors increased by Rs 2 billion 2 crore in the same year, while internal debt increased by Rs 2 billion. The government's debt in the first half of the fiscal year stood at Rs.
According to the Office of the Auditor General, total government debt has risen to 8.5 percent of gross domestic product (GDP). Out of this, the share of external debt stood at 5.99 percent while internal debt stood at 5.9 percent. In the last fiscal year, the government accounted for 5 percent of GDP.
Officials at the Ministry of Finance consider it normal to have 5% of GDP as government debt. Looking at the statistics, the government seems to be gradually reducing external debt and emphasizing internal debt. In the first quarter of the fiscal year, external debt to GDP stood at 5.9 percent and internal debt at 1.99 percent.
Loan to institution more than country
Of the total foreign borrowings taken by the government in the financial year 7/2, there has been more supply from bilateral institutions. According to the data, the government borrowed Rs 2.5 billion from multilateral donors during the period, while Rs 1.2 billion from different countries came from the country. Internal debt has risen to Rs.
How much was the loan repaid in one year?
During the one year period, the government has spent Rs 2 billion on repayment of interest on the loan. According to the data, during this period, the government repaid Rs. Similarly, there is a figure of Rs 2.5 billion spent on payment of interest on internal debt.
These are the foreign lords of Nepal
The World Bank and the Asian Development Bank are Nepal's largest lenders. Over two trillion loans have been invested in Nepal through various institutions of these two banks.
Similarly, loans have also come from institutions like the International Fund for Agriculture Development, European Investment Bank. Nepal has borrowed from countries like India, China, Japan, Korea, Saudi Arabia, France, Kuwait, Austria, Belgium.
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