Public debt crosses Rs 3 trillion, per capita burden tops Rs 100,000

The country's public debt liability has crossed Rs 3 trillion. According to details released by the Public Debt Management Office, the government's total public debt liability reached Rs 3,009,116,600,000 (Rs 3.009 trillion) by the end of Asoj in the current fiscal year 2083/84.

This level of public debt liability is the highest on record. The government mobilized Rs 123 billion in debt in just the first three months of the current fiscal year.

As debt has grown, the per capita debt burden has also crossed Rs 100,000. According to the report, the government is now having to spend more on principal and interest repayment of debt than on the development budget.

The figures came to light after the Public Debt Management Office released details up to the end of Asoj.