Only 25 of 44 state-run public utilities are earning profits, says govt

Finance Minister Prakash Sharan Mahat 
Public Utilities
Finance Minister Prakash Sharan Mahat speaking at the House of Representatives, on Sunday, May 28, 2023. Photo: Aryan Dhimal

Kathmandu, May 28

Only 25 of the 44 state-run public utilities in the country are earning profits, according to the latest government report.

Presenting the economic survey of the current fiscal year, 2022/23, in the House of Representatives on Sunday, Finance Minister Prakash Sharan Mahat said the remaining 19 corporations are operating at a loss.

According to him, the government’s investment in these companies is worth Rs 618 billion now, and the government earned around one per cent dividend out of it.

He said the government was studying the possibility of privatising public utilities that are not in operation and that the government does not want to run on its own by attracting additional capital and technology.

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