As the preparation for the federal budget for the next fiscal year is under full swing, the Ministry of Finance has concluded deliberations with the line ministries, business and industrial organizations, corporate houses and other concerned stakeholders to include appropriate suggestions to give final shape to the budget. The pre- budget discussion is underway in the parliament and thereafter the budget will be presented in the parliament on 29th May 2023 as per the constitutional provision.

KATHMANDU, May 2: The economic growth rate of the country is expected to be almost four times lower than the government’s target in the current fiscal year, says the National Statistics Office (NSO).

KATHMANDU, Jan 12: The World Bank (WB) has projected the economic growth rate of Nepal to stand at 5.1 percent in this fiscal year, downsizing the value by one percentage point.

KATHMANDU, April 1: The World Bank (WB) has projected that Nepal will grow by 2.7 percent in the current fiscal year, which shows an improved recovery due to the government’s initiatives to check the spread of COVID-19 and going into prompt action to offer flexible monetary policies and fiscal stimuli.

Republica Morning Brief: Oct 14

October 14, 2020 06:00 am

An intra-party dispute which surfaced this week in the Karnali Provincial Committee of the ruling Nepal Communist Party (NCP), seeking the overthrow of Chief Minister Mahendra Bahadur Shahi, has finally been settled, at least for now.

Is the 8.5 pc growth target achievable?

February 23, 2020 08:39 am

KATHMANDU, Feb 23: Upbeat with the economic growth rate in the last three years which remained higher than an average of more than six per cent, the government has set its sight on a growth rate of 8.5 per cent in the current fiscal year 2019/20.

WB projects economy to grow at 6.4%

December 13, 2019 10:35 am

KATHMANDU, Dec 13: Nepal’s economy is expected to grow by 6.4% in the current fiscal year – FY2019/20, according to the World Bank’s latest projection.

KATHMANDU, Nov 15: The government has revised economic growth rate for the current fiscal year to 7.01%, down by 1.49% percentage points from its ambitious target of 8.5%.

KATHMANDU, June 6: The World Bank has assumed 7.1 per cent as Nepal’s economic growth rate for the current fiscal year 2076/77.

KATHMANDU, April 27: The country's economic output is projected to grow by 6.81 percent in the current fiscal year and reach worth Rs 3,464 billion. This is the third consecutive fiscal year with an economic growth rate of over six percent.