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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.