Published On: August 1, 2017 08:54 AM NPT By: Republica | @RepublicaNepal
KATHMANDU, July 31:A study by Institute for Integrated Development Studies (IIDS), Kathmandu University, has concluded that favorable monsoon, regular supply of electricity, low number of political strikes, improvement in post-earthquake reconstruction activities, expansion in government revenue and capital expenditure have all contributed to the 15-year-high economic growth in the last fiscal year -- FY2016/17.
Releasing Nepal Economic Outlook 2016/17 on Monday, the IIDS also forecast 3.54 percent growth in the current fiscal year -- FY2017/18 and 3.79 percent in FY2018/19 under the baseline scenario (without policy interventions and shocks).
"Under the alternative scenario of recurrent and capital expenditures expected to grow at the rates of 46.27 percent and 14.68 percent, respectively, GDP growth is forecast to remain at 3.51 percent and 4.08 percent in FY 2017/18 and FY2018/19," the report states.
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