Nepal spent more money servicing its domestic debt than it did servicing its foreign debt, which was larger in value.

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Nepal spent more money servicing its domestic debt than it did servicing its foreign debt, which was larger in value. » Meroshare

Despite the fact that Nepal’s outstanding domestic debt is lower than the country’s outstanding external debt, the government spent more money to repay domestic debt than it did to settle overseas debt in the most recent fiscal year 2020-21. The question has arisen as to whether the government should prioritize external borrowing over domestic debt in light of this development.

According to the Public Debt Management Office’s Annual Report on Public Debt 2020-21, Nepal’s internal debt totals Rs802.94 billion, while the country’s overseas debt totals Rs934.14 billion, according to the report released recently. The country’s total outstanding debt liability is Rs1737.08 billion, which is equivalent to $1.73 billion.

For internal loans, however, the government paid Rs36.9 billion in principal repayments and Rs28.46 billion in


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