My Republica

Saurav Rana

Rana is an economist, and he researches macroeconomic issues.

Nepali economy needs foresight and courage

Published On: May 26, 2020 11:20 AM NPT By: Saurav Rana

With the Covid-19 pandemic bringing the economy to a standstill, many businesses are in immediate need for financial support. The finance committee of the Parliament has recommended the government include a NPR 188 billion financial package in FY2021 budget to mitigate the impact of the Covid-19 pandemic on the economy. The need is urgent, but the economy is in a tight squeeze and a fiscal stimulus may be easier said than done.