Kathmandu, May 28: The government has estimated an economic growth rate of 6 per cent in the upcoming fiscal year and 5.5 per cent of inflation.
Unveiling the new budget for FY 2024/025 in the joint meeting of the federal parliament on Tuesday, Finance Minister Pun shared the plan to get an economic growth rate of 6 per cent adding that the Nepal Rastra Bank would formulate the monetary policy to complement the government in implementing the policies and programmes stated in the budget speech.
With the implementation of the budget, economic activities would be expedited and production growth as well as employment generation would result in a sustainable, wide and inclusive economic growth rate, the Finance Minister hoped.
However, Finance Minister Pun said that economic growth is likely to be 3.9 per cent in the current fiscal year against the target of a 6 per cent growth rate as economic activities could not expand as expected.
