Debt rises, deficit down

Nepal’s national debt increased by Rs208 billion to exceed Rs2.2 trillion in the last fiscal year, says the Public Debt Management Office. More than Rs1.1 trillion of this is domestic debt, and the rest from foreign lenders. Meanwhile, Nepal has reduced its trade deficit by 15% (Rs265 billion) during 2022-23 compared to the previous fiscal year, but is still at Rs1.4 trillion.