Government meets domestic borrowing target, misses foreign loan goal

 Kathmandu, July 30

The government met its full target for borrowing within the country during the fiscal year 2024/25 but fell short in securing loans from foreign sources, according to the Public Debt Management Office.

Out of the Rs 330 billion goal for domestic debt, the entire amount was raised. However, only Rs 125.3 billion was collected from foreign loans—just 57.79% of the Rs 217 billion target—resulting in a shortfall of Rs 91.6 billion.

Gopikrishna Koirala, head of the Debt Management Office, said the shortfall was due to low capital spending and delays in project implementation, which held up reimbursements from foreign lenders.

In total, the government had aimed to raise Rs 547 billion in debt but managed to achieve 83.25% of that target. By mid-July 2025, Nepal's total public debt stood at Rs 2,669 billion, or 43.71% of the country’s GDP. Of this, 52.49% was foreign debt and 47.51% domestic.

During the fiscal year, the government spent over Rs 400 billion on repaying loans and interest, using up 90% of its allocated debt servicing budget. This spending accounted for 5.94% of the country’s GDP.

Comments

Post a Comment

Popular posts from this blog

First National Bamboo Conference Happening Now

KHOTANG, February 28 – The First National Bamboo Conference is currently being held in Diktel Bazaar, running from February 27 to March 1. The event was officially opened at the Khotang Multi-Purpose Covered Hall, and an exhibition showcasing various bamboo products is taking place nearby at the Matikore playground. The event is organized mainly by Diktel Rupakot Majhuwagadhi Municipality. Even the welcome gate and stage at the venue are built using bamboo. The exhibition features 51 stalls displaying items made from bamboo, along with local agricultural products. Mayor Tirtha Raj Bhattarai shared that traditional Nepali bamboo swings—lingle ping and rote ping—have been set up for entertainment. Over 300 guests from outside the district are attending the conference. During the event, bamboo experts will present 23 papers under the theme: “Where there is bamboo, there is life; where there is life, there is bamboo.” Other co-organizers include the Forest Research and Training Centre (Bab...
Read more

Gold prices keep going up

  Kathmandu, June 18 — Gold prices have been rising in the international market since June 10, and this has also pushed up prices in Nepal. When the market opened today, the price of gold had gone up by Rs 900 per tola (11.66 grams) compared to Tuesday, while silver rose by Rs 65 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association, gold is now being traded at Rs 195,500 per tola, and silver at Rs 2,225 per tola. International reports show that gold is currently priced at 3,393 US dollars per ounce in the global market.
Read more

Dengue cases are spreading rapidly in Chitwan.

Narayangadh (Chitwan), July 20 In the fiscal year 2024/25, a total of 3,889 people were confirmed to have dengue in Chitwan district. According to the Public Health Office, 3,020 of these cases were local residents—1,548 men and 1,472 women. The remaining 869 cases involved people from other districts—412 men and 457 women. Bharatpur Metropolitan City recorded the highest number of cases with 1,171 infections, while Madi Municipality had the fewest, with just 37 cases. One person died from the disease during the year. A total of 17,353 dengue tests were conducted throughout the year. Ram KC, a Vector Control Inspector at the Public Health Office, mentioned that the previous year had 1,831 confirmed cases out of 23,840 tests. Dengue was first detected in Nepal in 2004, in a Japanese tourist visiting Chitwan. The Public Health Office emphasized that the best way to prevent dengue is by protecting yourself from mosquito bites.
Read more