Nation facing economic crisis ahead, says FM Khatiwada

Published On: April 3, 2018 03:03 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 3: Finance Minister Yubaraj Khatiwada has hinted that the nation is facing a critical phase in near future.

Speaking at a House meeting on Tuesday, Minister Khatiwada said that the nation’s treasury cannot be assessed simply through a single digit but the entire economic and development indicators should be taken into consideration while judging the positon of our country's economy, referring to the white paper issued earlier.

"We must be clear that our treasury is almost empty and be careful while choosing our priorities.  Budgets are getting frozen on one hand while the expenses are increasing on the other. We are not for closed market," said Minister Khatiwada. 

He further said that the government is ready to join hands with cooperatives and private sectors to  save the country from sliding into economic crisis and make it stable and strong economically. 

Khatiwada also touched upon some issues related to social security, among others during his speech. 

On March 30, the government had presented a white paper depicting a gloomy picture of the country's economy. 

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