Nepal's Public Debt Surpasses 3 Trillion Rupees
Nepal's public debt has reached a record high of over 3 trillion rupees, equivalent to 45.59% of its GDP, according to the Public Debt Management Office.
According to a report by Khaosod Online citing Xinhua, Nepal's public debt has officially exceeded 3 trillion Nepalese rupees (approximately 665 billion baht) for the first time. Data from the Public Debt Management Office indicates that this figure represents 45.59% of the nation's GDP as of the end of the first quarter of the 2026/2027 fiscal year. The debt composition is split between 53.13% in foreign loans and 46.87% in domestic borrowing. This significant increase follows a decade of rising financial obligations, driven largely by recovery efforts following the 2015 earthquake and the economic impact of the COVID-19 pandemic. For comparison, in the 2016/2017 fiscal year, the debt stood at 697 billion rupees, or 26.84% of GDP. For travelers and residents, this economic shift highlights the country's ongoing fiscal challenges, which may influence future infrastructure development, public service funding, and currency stability. While the current debt-to-GDP ratio is documented, the long-term implications for the national economy and potential adjustments to fiscal policy remain to be confirmed by government authorities.
