Nepal’s total public debt reached Rs 2.806 trillion as of January 15, according to the Public Debt Management Office. This represents an increase of Rs 132.34 billion since the beginning of the current fiscal year. External borrowings account for 53 percent of total debt, amounting to Rs 1.487 trillion, while domestic debt stands at Rs 1.319 trillion, or 47 percent. Overall public debt now equals 45.95 percent of the country’s gross domestic product. In the first half of the fiscal year, the government spent Rs 187.12 billion on debt servicing, covering nearly 46 percent of the annual repayment allocation.
