KATHMANDU: The government is unlikely to meet its foreign aid targets for the current fiscal year, with only 14.8% of the annual goal achieved in the first six months.
According to Finance Minister Bishnu Paudel, who shared the data at a press conference on Sunday, the government has secured Rs 7.72 billion in foreign grants, far below the target of Rs 52.33 billion set for the fiscal year.
While this marks a 4.8% increase in grant receipts compared to the same period last year, the amount still falls significantly short of expectations.
Similarly, foreign loan receipts are also underperforming. The government received Rs 41.37 billion in foreign loans during the review period, just 19% of the fiscal year’s target. However, this figure represents a 10% increase compared to the same period last fiscal year.
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