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.
