KATHMANDU, Sept. 19 (Xinhua) -- The Nepali government spent about one third of its revenues in repaying loans in the 2023-24 fiscal year which ended in mid-July, as the country's public debt has been ballooning in recent years.
As much as 305.37 billion Nepali rupees (2.28 billion U.S. dollars) was used for debt service during the past fiscal year, accounting for 29 percent of the total government revenues, according to the latest report unveiled by the Public Debt Management Office.
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