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Nepal’s public debt soars to over 23.5 billion rupees as of October, raising concerns about sustainability

KATHMANDU: In the fiscal year 2022-23, Nepal’s outstanding public debt reached a staggering 23.5 billion rupees, as reported by the monthly update from the Public Debt Management Office. Just a year earlier, in June 2021-22, this debt stood at 22.095 billion rupees. The rapid escalation of public debt is...

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