Public debt rises: Rs 99 billion spent to pay interest

लगानी न्यूज

१३ कार्तिक २०८३, शुक्रबार ११:५६October 30, 2026

Kathmandu. The size of the public debt has crossed Rs 30 trillion. The public debt has reached Rs 3009.11 billion as of the end of October of the current fiscal year.

According to the Public Debt Management Office, the public debt has crossed Rs 3000 trillion with a profit of Rs 18.16 billion in the current fiscal year from Rs 2981.70 billion at the beginning of the fiscal year.TAG_OPEN_div_42

The total public debt so far is equivalent to 45.59 percent of the country’s gross domestic product (GDP). The share of foreign debt in the total public debt is 53.13 percent and the share of internal debt is 46.87 percent.TAG_OPEN_div_40

The government has paid Rs 98.87 billion in public debt till mid-October. Of this, Rs 77.74 billion has been paid as principal and Rs 21.12 billion as interest.

At the beginning of the fiscal year, the internal debt was Rs 1,375.41 billion, which increased to Rs 1,TAG_OPEN_div_36 410.31 billion by mid-October.

The ratio of internal debt to GDP is 21.3 TAG_OPEN_div_34 7 per cent. During this period, the government has repaid Rs 65.10 billion excluding interest on internal borrowings of Rs 100 billion.

Similarly, the external debt outstanding as of mid-October stood at Rs 1,598.80 billion. The external debt stood at Rs 1,TAG_OPEN_div_32 606.27 billion as of mid-July last year.

During this period, the government spent Rs 12.64 billion excluding interest on the repayment of external debt and added external debt of Rs 18.16 billion during the same period. The external debt is equivalent to 24.22 percent of GDP.TAG_OPEN_div_30

The government has raised Rs 123.32 billion against the target of raising public debt of Rs 658.28 billion for the current fiscal year. Public debt receipts during this period are 18.73 per cent compared to the annual target.

Of this, the share of internal and external debt is 24.39 per cent and 9.39 per cent, respectively. The share of internal and external debt in the total public debt receipts is 81.09 per cent and 18.91 per cent, respectively.TAG_OPEN_div_26

For the current fiscal year, the government had allocated a total budget of Rs 417.88 billion for the purpose of paying the principal and interest of public debt. As of September, Rs 98.87 billion has been paid.

The principal interest payment for this period is equivalent to 26.66 percent on the basis of annual budget allocation. On a GDP basis, the total debt service expenditure till the end of October is equal to 1.50 percent.TAG_OPEN_div_22