KATHMANDU: The Finance Ministry has reported a 65 percent increase in capital expenditure in the first three months of the current fiscal year compared to the previous year, reflecting a strong investment strategy for infrastructure and economic growth under the new government.
Revenue collection also grew by 13 percent, indicating improved fiscal management, it said.
Foreign exchange reserves reached a record high of Rs 2,152 billion, signaling economic stability and investor confidence, while remittances rose by 15%.
Additionally, the interest rate decreased to 6.15%, potentially encouraging borrowing and investment.
To enhance budget implementation, the Ministry has introduced a 73-point guideline and formed a high-level economy reforms suggestion commission, showcasing a proactive approach to addressing economic challenges.
These trends collectively reflect the government’s commitment to stimulating growth and stabilizing the economy, according to the Ministry.
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