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April 12: Finance Secretary Madhu Kumar Marasini claims that Nepal’s public debt is one of the lowest among South Asian countries.
The finance secretary made such revelation during a press conference organized at the Ministry of Finance on Monday.
Marasini said that there is widespread concern regarding the country’s public debt but the situation is not so serious and there is no need to worry about this issue.
“Lately, people have expressed a lot of concern regarding Nepal’s public debt, but our public debt is one of the lowest in South Asia,” said Marasini.
According to the finance ministry, Nepal’s public debt as of April 11, 2022 is Rs 1854 billion, including internal loans of Rs 873.19 billion and external loan of Rs 980.80 billion.
Nepal’s public debt is 43.74 percent of the country’s Gross Domestic Product (GDP).
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The finance secretary made such revelation during a press conference organized at the Ministry of Finance on Monday.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Marasini said that there is widespread concern regarding the country’s public debt but the situation is not so serious and there is no need to worry about this issue. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Lately, people have expressed a lot of concern regarding Nepal’s public debt, but our public debt is one of the lowest in South Asia,” said Marasini. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Lately, people have expressed a lot of concern regarding Nepal’s public debt, but our public debt is one of the lowest in South Asia,” said Marasini. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the finance ministry, Nepal’s public debt as of April 11, 2022 is Rs 1854 billion, including internal loans of Rs 873.19 billion and external loan of Rs 980.80 billion.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Lately, people have expressed a lot of concern regarding Nepal’s public debt, but our public debt is one of the lowest in South Asia,” said Marasini. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the finance ministry, Nepal’s public debt as of April 11, 2022 is Rs 1854 billion, including internal loans of Rs 873.19 billion and external loan of Rs 980.80 billion.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal’s public debt is 43.74 percent of the country’s Gross Domestic Product (GDP).</span></span></span></span></p>
<p> </p>
<p> </p>
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