Government Revises Internal Debt Calendar; To Raise 80 billion in Q1

Sep 29, 2023 12:10 PM Merolagani



The government has revised internal debt collection calendar. The government is preparing to raise internal debt of Rs 80 billion in the first quarter.

Previously, the government targeted to raise Rs 55 billion in internal debt in the first quarter.

In the first quarter, the government will raise Rs 5 billion from Treasury Bills and Rs 75 billion through development bonds against the previous estimate of Rs 5 billion from T-Bills and Rs 50 billion from development bonds.

However, the government revised the calendar to fully utilize excess liquidity in the financial sector.

Till date, Nepal Rastra Bank has already issued development bond worth Rs 59.21 billion and T-Bills worth Rs 5 billion.

The central bank is issuing a development bond of Rs 13.10 billion on coming Sunday, October 1.

Finance Minister Dr Prakash Sharan Mahat targeted to raise Rs 240 billion from internal debt in its budget of Rs 1793.83 billion of the current FY.

In the first quarter, the government will raise 33.3 percent internal debt followed by 12.5 in second quarter, 22.1 percent in third quarter and 32.1 percent in fourth quarter.




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