More than seven billion government investment in public institutions: economic survey

Jestha 15, 2082

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More than seven billion government investment in public institutions: economic survey

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Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has submitted the annual status review of public institutions-2082 in the House of Representatives.  Finance Minister Poudel said that the annual status review report of public institutions covering the overall situation, achievements, operational challenges, areas for improvement and other topics for the fiscal year 2080/81 has been published.

There are currently 45 public institutions operating in Nepal in various industrial, commercial, service, social, utility and financial sectors. Of these, 20 are fully owned by the government and 25 are majority owned by the government.

In the financial year 2080/81, the total assets of public institutions increased by 2.20 percent compared to the previous financial year and reached Rs. 29 trillion, 10.17 billion, according to the report. The total investment of the Government of Nepal in public institutions has increased by 5.86 percent up to the review period and has reached Rs.7 trillion three billion 93 crores. Out of this, share investment is Rs 364 billion 86 crore and loan investment is Rs 339 billion 7 crore.

In the year 2080/81, the total operating income of the institute reached Rs. 600 billion 150 million. Compared to the year 2079/80, it is 0.22 percent less. The ratio of operating income to gross domestic product is 11.57 percent.

Out of the operating institutes, 28 are in profit, 15 are in loss and two are closed. In the year 2080/81, the net profit of public institutions reached Rs 42.62 billion, which is 12.88 percent less than the previous review period. The net loss of the loss-making institute is Rs 3.63 billion. The net profit of profit-making institutions has decreased by 11.50 percent compared to the previous financial year, while the net loss of loss-making institutions has increased by 8.65 percent compared to the previous year.

It has been seen that the government of Nepal received Rs. 13 billion 75 million dividends from public institutions in the fiscal year 2079/80, but Rs. 8.83 billion was received in the fiscal year 2080/81. Compared to the total share investment, the dividend ratio is 2.4 percent in the year 2080/81.

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