Limit Soaring Debt

Rising public debt bodes ill for a country ill-equipped to pay it back. There are countless examples of economies being crushed by the weight of unsustainably ballooning public debt. Although Nepal has so far avoided such an extreme scenario, consistently growing debt is indeed a cause for concern. The country's total outstanding public debt has increased to Rs. 2,611 billion as of mid-February. During the first seven months of the current fiscal year 2024/25, the total outstanding debt has increased by 7.27 per cent, with internal debt rising by 8.62 per cent and external by 6 per cent.