Internal Debt News Today

Despite a slight uptick in recent years, Nagaland's financial footing remains precarious, with continued external dependence as the main source of funding. Economically, this leaves little room for manoeuvring in terms of developmental activities, while p

KATHMANDU, Nov 21: In the first quarter of the current fiscal year, the government has mobilized about Rs 100 billion internal debt, but in the second quarter, the government will mobilize only Rs 31 billion under internal debt.

The government’s revenue collection target in the first two months of the current fiscal year fell short of the target by 18 percent. The Inland Revenue Department (IRD) and the Department of Customs (DoC) set a target of revenue collection of Rs 165.88 billion for the period between mid-July and mid-September.

KATHMANDU, Sept 8: In a bid to raise internal debt for the second time this month, Nepal Rastra Bank (NRB) is set to issue development bonds worth Rs 10 billion on Sunday.

KATHMANDU, April 28: The government carried out significant budget transfers in the past one month, primarily to finance its internal debt.

The financial health of Nagaland State has improved marginally, however, for every rupee it receives, still around 92 paise comes either from outside or via borrowings.

Nagaland’s total outstanding liabilities or debt during the current financial year is estimated to rise further to Rs 16,562.4 crore at the end March 2023, according to a recent report by the Reserve Bank of India.  

Vijay Prashad raises the hope that Argentina — which just joined China's BRI — can forge a development strategy not written by IMF staffers in Washington. By Vijay Prashad Tricontinental: Institute for Social Research In early March, Argentina’s government came to an agreement with

Shengtian Zheng and Jinbo Sun, Winds of Fusang, 2017. ‘Fusang’ is an ancient Chinese word referring to what some believe to be the shores of Mexico. The work is an homage to Latin America’s influence on China, particularly that of Mexican artists on the development of modern Chinese art. In early March, Argentina’s government came