KATHMANDU, Nov 2: Nepal Rastra Bank issued treasury bills worth Rs 190 billion in the past three and a half months. This comes amid the government struggling to manage financial resources from revenue collection.
The amount of short term borrowing collected through issuance of treasury bills during mid-July and October end this year was 43.18 percent more than the amount borrowed during the same period last year.
The treasury bill, also called the short term bond, is issued by the central bank to generate financial resources for the government. Its maturity period is up to one year. The government uses this mechanism to meet its short term financial liability.
During the review period, the government collected only 15.77 percent (Rs 221.33 billion) of its revenue target of Rs 1.403 trillion for the current fiscal year. The recurrent expenditure was Rs 238.41 billion.