- Type
- Act
- Year
- २०५९ BS
- Status
- Status not yet confirmed
- Official text
- Official text (PDF)
- English translation
- Official English translation archived copy: the original page is no longer online
Includes amendments up to: 2066 BS. Translations may not include later amendments. The Nepali text is the authoritative law.
Analysis drawn from official reports, court rulings and published research, each cited. Figures are being double-checked against the source documents; corrections are welcome.
What does it do?
- The Act lets the Government of Nepal raise domestic public debt by issuing debt securities, in whatever amount it considers necessary, once or in instalments, subject to other laws. The securities can be stock, promissory notes (including treasury bills), bearer bonds, prize bonds or others approved by Nepal Rastra Bank. The government sets maturity and interest rates on the Bank's advice, and all principal and interest is paid in Nepali rupees.यो ऐनले नेपाल सरकारलाई प्रचलित कानूनको अधीनमा रही आवश्यक ठानेको परिमाणमा एकै पटक वा पटक–पटक ऋणपत्र निष्कासन गरी आन्तरिक राष्ट्र ऋण उठाउने अधिकार दिन्छ। ऋणपत्रमा स्टक, प्रमिसरी नोट (ट्रेजरी बिलसमेत), बियरर बन्ड, प्राइज बन्ड वा नेपाल राष्ट्र बैंकले स्वीकृति लिई तोकेका अन्य ऋणपत्र पर्छन्। भुक्तानी अवधि र ब्याजदर बैंकको रायसमेत लिई नेपाल सरकारले तोक्छ र सबै साँवा–ब्याज नेपाली रुपैयाँमा भुक्तानी हुन्छ। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Section 2(ग)–(छ), PDF p. 2; Section 3, PDF p. 3; Section 4(3), PDF p. 4
- Nepal Rastra Bank manages all national debt on the government's behalf under an agreement between the two: it keeps the accounts, reports on the debt position, advises the government and runs primary and secondary markets for the securities. It also handles transfers, nominations of heirs, duplicates for lost certificates, and conversion or renewal of securities.नेपाल सरकार र नेपाल राष्ट्र बैंकबीचको सम्झौताअनुसार राष्ट्र ऋण व्यवस्थापनको सम्पूर्ण काम बैंकले नेपाल सरकारको तर्फबाट गर्छ: आवश्यक खाता राख्ने, ऋणको स्थितिबारे प्रतिवेदन दिने, राय–सुझाव दिने र ऋणपत्रको प्राथमिक तथा दोस्रो बजारको व्यवस्था गर्ने। ऋणपत्रको नामसारी, इच्छापत्र, हराएका ऋणपत्रको प्रतिलिपि र ऋणपत्रको परिवर्तन वा नवीकरणको काम पनि बैंकले गर्छ। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Sections 5–8, PDF pp. 4–5; Sections 16–17, PDF p. 8
- Knowingly giving false information to a Bank officer to claim a security that is not one's own is punishable by a fine up to the security's principal and interest, up to six months in prison, or both; a Bank-appointed officer investigates and files the case in the district court. Individual debt-security records at the Bank are confidential except on a government or court order or a lawful request in a criminal investigation.आफ्नो वा अरू कसैको हक नभएको ऋणपत्रमा हक कायम गराउने नियतले बैंकका अधिकृतसमक्ष जानीजानी झुटा विवरण पेस गरेमा ऋणपत्रको साँवा–ब्याजसम्म जरिवाना वा छ महिनासम्म कैद वा दुवै सजाय हुन सक्छ; बैंकले तोकेको अधिकृतले छानबिन गरी जिल्ला अदालतमा मुद्दा दायर गर्छ। बैंकमा रहेका ऋणपत्रसम्बन्धी व्यक्तिगत खाता र कागजात नेपाल सरकार वा अदालतको आदेश वा फौजदारी अनुसन्धानका लागि अख्तियारप्राप्त अधिकारीको लिखित अनुरोधबाहेक गोप्य रहन्छन्। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Sections 14–15, PDF p. 7
- On debt securities, this Act prevails over other laws, and securities laws do not apply to them. The Act repealed the National Debt Act, 2017 and treats all actions taken under it as taken under this Act.ऋणपत्रका विषयमा यो ऐन अन्य प्रचलित कानूनभन्दा माथि रहन्छ र धितोपत्रसम्बन्धी कानून ऋणपत्रमा लागू हुँदैन। यस ऐनले राष्ट्र ऋण ऐन, २०१७ खारेज गरेको छ र सोअन्तर्गत भएका काम यसै ऐनबमोजिम भएको मानिन्छ। Ministry of Law, Justice and Parliamentary Affairs (moljpa.gov.np), consolidated text Section 19, PDF p. 8; Section 21, PDF p. 9
- Section 29 of the Public Debt Management Act, 2079 repealed this Act together with the Loans and Guarantee Act, 2025; actions taken under them count as taken under the 2079 Act. The points above describe this Act as it stood before repeal.सार्वजनिक ऋण व्यवस्थापन ऐन, २०७९ को दफा २९ ले यो ऐन र ऋण तथा जमानत ऐन, २०२५ खारेज गरेको छ; यिनअन्तर्गत भएका काम सोही ऐनबमोजिम भएको मानिन्छ। माथिका बुँदाले खारेजीअघिको व्यवस्था देखाउँछन्। Nepal Law Commission, Government of Nepal Public Debt Management Act 2079, Section 29(1)–(2), PDF p. 12
Gaps, loopholes and improvement ideas
None documented in the official reports we have reviewed so far.
Where does it conflict with other laws?
No conflict with another law is documented in the sources we have reviewed so far.
Regulations and rules made under it
- राष्ट्र ऋण नियमावली, २०५९ Repealed