by Prithvi Man Shrestha in The Kathmandu Post, September 28th, 2023The government’s spending on debt servicing nearly doubled last fiscal year amid Nepal’s ballooning public debt along with high interest rates applicable on internal loans. The government spent Rs222.74 billion in debt servicing, including principal repayment and interest, in the fiscal year 2022-23. The figure is a rise of around 83 percent from the previous fiscal year, according to the Public Debt Management Office (PDMO).…
Posts tagged as “loans”
by Iftekhar Mahmud in Prothom Alo, Mar 20,2023Mariyam Begum, 72, and her daughter Bono Begum, 52, are from a remote village of Kurigram. Both the mother and the daughter are agricultural workers and earn Tk 200-250 a day. They also receive an old age allowance of Tk 500 a month. Since they have got no workover the past couple of months, they depend on the monthly old-age allowance. They now have meals twice a day…