Government aims to collect internal debt worth Rs 23.49 billion
Kathmandu, October 20: The government has planned to raise an internal debt of Rs 23.49 billion. The government will raise this loan through the Treasury Bill as a short-term loan.
Issuing a notice on Sunday, the Office of Public Debt Management said that a total of Rs 23.49 billion will be raised in four phases – 28 days, 91 days, 182 days and 364 days. However, new treasury bills worth Rs 5 billion will be sold for 28 days, while the remaining old treasury worth Rs 18.49 billion will be renewed.
As the government continuously failed to collect the targeted revenue, it is compelled to raise debts internally and externally.
People’s News Monitoring service.
