Government debt has Exceeded 23 Billion, Interest Payments on Debt are 3 Times More than Capital Expenditure

Kathmandu : Government debt has exceeded 23 trillion 54 billion rupees. According to the information given by the Public Debt Management Office, the debt of the government has reached 23 trillion 54 billion 59 billion 92 million rupees by the end of October of the current financial year. Out of which 11 trillion 29 billion 103.8 million rupees is internal debt and 11 trillion 70 billion 24 billion 87 million rupees is external debt.

The total received during the last period is one trillion six billion 788 million rupees. In the last three months of the current financial year, i.e. till the end of October, the government has borrowed 97.31 billion rupees internally and 9.478 billion rupees externally. As a result, the graph of government debt has reached 23 trillion 54 billion rupees.

According to the Public Debt Management Office, 67 billion 700 million 71 million rupees of the state fund have been spent only for the principal and interest payment of the public debt in the first quarter of the current financial year. Out of this, 56.55 billion 67 lakh rupees have been spent for interest payment of internal debt and 11.15 billion 4 lakh rupees for interest payment of external debt.

Out of the total amount paid during this period, 42.84 billion 17 lakh rupees and 13.71 billion 55 lakh rupees have been spent towards the payment of principal of public debt. Similarly, 8 billion 70 crore 36 lakh rupees have been paid towards the principal and 2 billion 44 crore 68 lakh rupees towards the interest.

In the three months of the current financial year, the government has raised a debt of amount. Out of which, 97 billion 31 million rupees are on the domestic side and 9.47 billion 80 million rupees on the external side.

In the three months of the current financial year, the government has raised a debt of amount. Out of which, 97 billion 31 million rupees are on the domestic side and 9.47 billion 80 million rupees on the external side.

According to the data of the Comptroller General’s Office, the government has spent 25 billion 789 million rupees as of November 12. Likewise, 67 billion 70 billion 71 lakh rupees have been spent to pay the interest of the government debt till the end of last October. Compared to the total capital expenditure incurred during this period, the cost of paying interest on government debt is about three times more.