Utilise Public Debt Properly

Amidst a deficit in revenue generation and increasing government expenditures annually, Nepal has seen a considerable upsurge in amounts of public debt over the years. The successive governments in the country seem to have received more public debt to meet the nation’s development needs and ambitions. Much of public debt has been taken to carry out mega infrastructure and other development projects. Many developed as well as developing nations are found taking public debt as an essential source of income for them to move development projects ahead. As nations, especially developing ones, have to deal with numerous development challenges and obstacles, they are bound to borrow loans from within the country and outside.