Report in The Daily Star, Nov 20, 2023The Election Commission has asked aspiring candidates for the 12th national parliamentary election to remove posters, banners, paintings, billboards, arches, pandals, lightings, and other campaign materials at their own cost. The EC recently sent a letter to the local government division asking to take necessary measures in this regard. As per the EC’s decision, an order has been issued to the local government institutions, including city corporations and…
Posts tagged as “cost”
by Prithvi Man Shrestha in The Kathmandu Post, September 28th, 2023The government’s spending on debt servicing nearly doubled last fiscal year amid Nepal’s ballooning public debt along with high interest rates applicable on internal loans. The government spent Rs222.74 billion in debt servicing, including principal repayment and interest, in the fiscal year 2022-23. The figure is a rise of around 83 percent from the previous fiscal year, according to the Public Debt Management Office (PDMO).…
by Sohel Parvez in The Daily Star, Jan 2, 2023For the first time since December 2020, private sector borrowing from external sources declined as the appetite among firms eroded for increased borrowing costs. Firms’ total external debt dropped 2 per cent to $25.4 billion at the end of September 2022 from 25.95 billion in June. At the same time, external debt in the public sector decreased as well. Meanwhile, the private sector’s foreign debt grew…