Nepal [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 10/184Publication details: Washington, D.C. : International Monetary Fund, 2010Description: 1 online resource (27 p.)ISBN: 1455202401 :ISSN: 1934-7685Subject(s): Debt | Deficit | External Debt | International Monetary Fund | Public Debt | NepalAdditional physical formats: Print Version:: Nepal : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: Over the past several years, Nepal has pursued a prudent fiscal policy, which has resulted in a significant reduction of public debt as a percentage of GDP. This paper reexamines the fiscal stance in Nepal in light of recent developments. The optimal level of the fiscal deficit is constrained by the need to achieve and sustain a debt-to-GDP ratio with an acceptable level of vulnerability to distress. The debt sustainability analyses (DSA) framework focuses on the net present value (NPV) of external public and publicly guaranteed debt, though public debt is also analyzed.
Over the past several years, Nepal has pursued a prudent fiscal policy, which has resulted in a significant reduction of public debt as a percentage of GDP. This paper reexamines the fiscal stance in Nepal in light of recent developments. The optimal level of the fiscal deficit is constrained by the need to achieve and sustain a debt-to-GDP ratio with an acceptable level of vulnerability to distress. The debt sustainability analyses (DSA) framework focuses on the net present value (NPV) of external public and publicly guaranteed debt, though public debt is also analyzed.
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