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Public debt at Nu 290bn as of September 2024

Public debt at Nu 290bn as of September 2024

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...

Remittances from Bhutanese abroad hit USD 210 M

Remittances from Bhutanese abroad hit USD 210 M

Bhutanese living abroad collectively remitted more than USD 210 M between August last year and October this year, according to the Central Bank’s monthly statistical bulletin. December last year saw the highest monthly remittance, nearly USD 29 M. Australia emerged as the top source of remittances, with contributions rising from USD 1.87 M in August 2023 to a peak of...

NRDCL shifts to locally sourced timber, making furniture more affordable

NRDCL shifts to locally sourced timber, making furniture more affordable

Producing furniture using locally sourced wood has not only helped the Wood Craft Centre stop rubberwood import but also made furniture more affordable to consumers. The centre, which earlier used rubberwood, has been utilizing domestic timber for furniture production since 2020.  At the centre’s recent furniture exhibition, locally made pieces were found to be 20 per cent cheaper than the...

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