Saturday, 11 May 2024 02:08 PM
OR
Login using
Govt’s debt burden: Revenue collection falls short of covering recurrent expenditure
December 11, 2023 17:58 pm
KATHMANDU, Dec 11: Since the revenue collection has fallen short of the target, the government finds itself compelled to secure loans simply to cover its day-to-day expenses. Reviewing the financial data spanning until December 9 in the current fiscal year of 2023/24 (roughly five months), it is evident that the Rs 86 billion collected in revenue thus far is inadequate to meet even the recurrent expenditures of the government.
Trending
Just In
- Deputy Mayor of Nepalgunj Sub-Metropolitan City to stay with JSP
- Ten Sherpa members scale Mt Everest
- I should get chance to speak in parliament: DPM Lamichhane
- Woman arrested with counterfeit Nepali currency in Rangeli
- Sinohydro-Sagarmatha Company appeals struggle committee to settle row
- Car crashes into electricity pole in Kupondole
- Govt decides to accept Rs 1.2 billion in grants from WWF
- SC orders province govt not to carry out long-term decisions in Gandaki