Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Public debt at Nu 290bn as of September 2024

December 27, 2024
in Economy, Other Stories
Reading Time: 2 mins read
0
0
SHARES
223
VIEWS
Share on FacebookShare on Twitter

The country’s public debt rose by over Nu 5bn in the third quarter of 2024 compared to the second quarter. The finance ministry’s quarterly Public Debt Situation Report reveals that as of September, the total public debt surpassed Nu 290bn. Of this amount, external debt accounts for a significant 92 per cent.

Total public debt refers to the total amount the government owes to its creditors, which may include individuals, businesses, and foreign entities. This debt includes various forms of borrowing, such as loans and bonds, taken by the government to fund its operations and development projects.

Both internal and external debt saw a slight increase between July and September, contributing to the overall rise in the country’s total debt.

Out of the Nu 266.6bn in external debt, 172.3bn is denominated in Rupees, owed to the Government of India.

The remaining external debt, amounting to USD 1.1bn, is denominated in convertible currencies.

The Asian Development Bank and the World Bank’s International Development Association are the country’s largest convertible currency creditors.

The report indicates that over ten and a half billion ngultrum has been allocated in the current financial year for external debt repayment.

Domestic debt rose from over Nu 21bn in June to more than 23.5bn in the third quarter.

Of this, over Nu 21bn consists of government bonds with maturities ranging from 3 to 12 years, while the remaining two and a half billion are treasury bills.

The report states that despite the high levels of total public debt, the overall debt risk remains manageable because a significant portion of the external debt funds hydropower projects.

Meanwhile, the debt to GDP ratio decreased from over 106 per cent in June to a little over 95 per cent in September.

The decrease indicates that the government is managing its debts better while the country’s economy is doing well.

Kinley Bidha

Edited by Sherub Dorji

Previous Post

Funds misappropriation case against Zambala Farmers Group’s former employees in Nganglam Court

Next Post

Buddha Statue comes alive with Gerry Hofstetter’s light display

Next Post
Buddha Statue comes alive with Gerry Hofstetter’s light display

Buddha Statue comes alive with Gerry Hofstetter’s light display

Lingzhi Dzong inaugurated after extensive renovation

Lingzhi Dzong inaugurated after extensive renovation

RCSC’s Executive Forum charts path to civil service transformation

RCSC's Executive Forum charts path to civil service transformation

RECOMMENDED NEWS

DPT flags off their official campaign from Trongsa

12 years ago
1
Monks begin IT classes to bridge the digital divide, Phuentshogling

Monks begin IT classes to bridge the digital divide, Phuentshogling

2 months ago
463

Unplanned power outages lead to over 1,200 power disruptions last year

10 months ago
31

11 years ago
1

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.