KATHMANDU: Nepal’s economy has expanded by Rs 400 billion this fiscal year, reaching a total of Rs 6.1 trillion, according to data released by the Ministry of Finance.
The ministry stated that 18 major sectors of the economy have shown positive trends under the government led by Prime Minister KP Sharma Oli. These sectors include transportation, construction, health, education, industrial production, electricity and gas, trade, banking and insurance, mining, real estate, information technology, agriculture and forestry, as well as administrative, scientific, and hospitality services.
Alongside overall growth, the government reported an increase in both revenue and capital expenditure. Revenue grew by Rs 108 billion while capital expenditure rose by Rs 36 billion. The ministry noted that several economic indicators have improved compared to the previous fiscal year.
The report also highlighted a 15.5 percent increase in remittance inflows, which continue to be a key contributor to the national economy. Exports saw a sharp rise of 77.8 percent, while imports increased by 13.1 percent. Additionally, credit flow to the private sector grew by 8.7 percent.
The Ministry of Finance shared these figures while asserting that most macroeconomic indicators are showing signs of recovery and growth. However, experts continue to debate whether this growth is sustainable and inclusive in the long term.
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