हैट नाइटो मुनिको घाउ निको पार्ने औसधि रे के भन्नु यस्ता बेईज्जतीहरुलाई एक नजर यता लगाउनुस त आफै था पाई हाल्नुहुन्छ।
Nepal’s total debt soared by 19.1 percent in the first six months of the current fiscal year to 32 percent of the gross domestic product (GDP), as internal borrowing surged and Nepali currency weakened vis-a-vis special drawing rights (SDR), a unit of money created by the International Monetary Fund.
The government’s total debt stood at Rs831 billion in mid-January, which is 32 percent of the GDP, according to the latest report of the Financial Comptroller General Office (FCGO). Nepal’s total debt stood at Rs697.7 billion when the fiscal year began in mid-July.
One of the reasons for sharp hike in total debt is jump in internal borrowing in the first six months of the current fiscal year.
Nepal’s domestic debt soared by 39 percent to Rs394.5 billion in the first half of this fiscal year.
The domestic debt accumulated till the end of first six months of current fiscal year is 15.2 percent of the GDP.
The government has been extensively raising money from the domestic market since the beginning of this fiscal year as it faced shortage of resources to provide grants to newly-established local bodies.
In the past, the domestic debt collection cycle used to begin in the third quarter of the fiscal year.
Nepal’s total debt soared by 19.1 percent in the first six months of the current fiscal year to 32 percent of the gross domestic product (GDP), as internal borrowing surged and Nepali currency weakened vis-a-vis special drawing rights (SDR), a unit of money created by the International Monetary Fund.
The government’s total debt stood at Rs831 billion in mid-January, which is 32 percent of the GDP, according to the latest report of the Financial Comptroller General Office (FCGO). Nepal’s total debt stood at Rs697.7 billion when the fiscal year began in mid-July.
One of the reasons for sharp hike in total debt is jump in internal borrowing in the first six months of the current fiscal year.
Nepal’s domestic debt soared by 39 percent to Rs394.5 billion in the first half of this fiscal year.
The domestic debt accumulated till the end of first six months of current fiscal year is 15.2 percent of the GDP.
The government has been extensively raising money from the domestic market since the beginning of this fiscal year as it faced shortage of resources to provide grants to newly-established local bodies.
In the past, the domestic debt collection cycle used to begin in the third quarter of the fiscal year.
