Economy in the doldrums

December 22, 2022 07:53 am

The current situation paints a bleak picture of the Nepali economy although its external sector has recovered marginally in recent times. An improvement in the remittance inflow, trade balance and foreign currency reserves are something to cheer about. However, other crucial macroeconomic indicators like the inflation rate, government expenditure, government revenue mobilization, interest rates of banks, foreign direct investment (FDI) and aggregate demand haven’t been healthy in recent months.

KATHMANDU, June 2: Although the government talks about curtailing unproductive expenses to economize the funds, the budget is found to have provisioned excess expenses under a number of headings.