© All rights reserved. NepalKhabar

Business

Govt targets to achieve 6 % economic growth rate in upcoming FY

Nepalkhabar

 |  Kathmandu

The government has estimated an economic growth rate of 6 percent in the upcoming fiscal year and 5.5 percent of inflation.

Unveiling the new budget for FY 2024/025 in the joint meeting of the federal parliament on Tuesday, Finance Minister Pun shared the plan to get an economic growth rate of 6 percent adding that the Nepal Rastra Bank would formulate the monetary policy to complement the government in implementing the policies and programs stated in the budget speech.

With the implementation of the budget, economic activities would be expedited and production growth as well as employment generation would result in a sustainable, wide, and inclusive economic growth rate, the Finance Minister hoped.

However, Finance Minister Pun said that economic growth is likely to be 3.9 percent in the current fiscal year against the target of a 6 percent growth rate as economic activities could not expand as expected.



Comments

Related News

​​​​​​​Nepal initiated steps for economic reforms, PM tells WB's Senior MD Trotsenburg

The World Bank's Senior Managing Director (MD), Axel van Trotsenburg, paid a courtesy call on P…

Gold price Rs 142,800 per tola today

The price of gold has increased by Rs 1,600 per tola (11.66 grams) in the domestic market. The Fede…

Bagmati govt brings budget of Rs 64.54bln for FY 2024/025

The Bagmati Province Government has announced a budget of Rs 64.54 billion for the fiscal year 2024…

Petrol price down by Rs 3, diesel and kerosene Rs 1 per liter

The Nepal Oil Corporation (NOC) has decreased the prices of petroleum products. According to the NO…