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By the end of April 2024, the Government’s Consolidated Fund reported a surplus of €22.9 million, the NSO said Friday. Between January and April 2024, Recurrent Revenue amounted to
Borrowing made for budget and balance of payments support, project financing
KATHMANDU, Feb 19: The government has failed to mobilize foreign loans as per the target in the first seven months of the current fiscal year.
The Indian government has allocated ₹5,667.56 crore as grants and loans to foreign governments for the fiscal year 2024-25. Bhutan is the primary recipient of Indian government grants and loans. The loan provided in the fiscal year 2023-24 exceeded the budget estimates for grants and loans in 2024-25. Finance Minister Nirmala Sitharaman highlighted the challenges posed by the Covid-19 pandemic, conflicts, and geopolitical shifts. She also emphasized India's achievements and its role in global problem-solving.