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The public debt stood at Rs 7.9 trillion in June this year, with arrivals down 2.7% compared to the same month in March this year.
According to the Finance Ministry, public debt will touch Rs 2.85 trillion in 2023-24, or 106.9% of GDP.
As of June, domestic debt fell 32.8% to 10.49 trillion rupees.
Domestic public debt fell from 12% to 8% of GDP, and total debt fell from 10.9% to 7.5%.
The domestic debt was Rs 379.31 billion and the government debt was Rs 21.1 billion.
The Finance Ministry said the State CSI Bank will be merged with the Bhutan Development Bank and the ministry will restructure the asset impairment accounts of the recipient banks.
The ministry said a loan of Rs 700 crore was provided this year for the National CSI Fund, with total commitments amounting to Rs 2.3 trillion and $800,000.
On April 11, 2013, the Ministry of Finance’s Rs 1 trillion government guarantee was settled.
These measures include improving the government’s debt strategy and reducing future interest liabilities and the current account deficit.
Maintaining a strong net worth by maintaining proper financial health and avoiding unnecessary expenditures The Treasury Department decided to ensure that the funds in the Treasury bills are not wasted.
In March this year, the finance ministry’s domestic debt stood at Rs 98.7 trillion.
However, external debt stood at Rs2.58 trillion, up 1% year-to-date as of June, taking total debt to Rs263.7 trillion, or 92.5% of public debt.
This is due to the increase in government debt.
External debt includes government (including power) and corporate borrowings of Rs 12.83 trillion and Rs 10 billion respectively.
Hydropower projects Mangdechu and Puna Gtsangchu Hydropower Project 1 Nikachu Dararchu Basochu Hydropower Project The debt is Rs 167.19 billion, accounting for 63.4% of the total loan.
Non-power debt stood at Rs 96.51 trillion, accounting for 36.6% of total external debt.
India’s total external debt is Rs 172.57 trillion, which is 65.4% of the total population.
The convertible currency is currently worth $1.09 trillion ($91.14 billion).
According to Treasury data, government debt will be 26.8% of GDP in 2023-24.
Loan repayments are within the scope of public debt management policies. Total travel loan repayments are below 35% of domestic revenue.
Similarly, central bank borrowings (non-budgetary debt) amounted to Rs99.66 trillion, of which 34.9% was public debt, estimated at 37.3% of GDP.
The ministry said that within the scope of the public debt management policy until 2023, it is necessary for the central bank’s debt to leave the country within 55% of its annual GDP, in accordance with the government’s policy.
The government has pledged Rs 4.44 trillion to GDP in 2023-24, which is 1.7% of the budget.
Ugyen Dorje
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