KATHMANDU: Finance Minister Dr Prakash Sharan Mahat has said the government was committed to resolving economic problems.
He said that efforts were underway to bring the economy on the right track.
“Government is focused on addressing the economic problems immediately to give a positive message. Investment, interest rate, capital market and problems of private sectors are pressing issues to address,” Minister Mahat shared.
He admitted that revenue collection was declined due to foreign and domestic problems.
Nepal’s revenue collection is largely dependent on customs, and there was an import ban this year, which dented the revenue target.
Although there is a problem in current spending, other economic indicators including foreign currency reserve were positive.
The Ministry is striving to create harmony between monetary policy and economic policy with the cooperation of Nepal Rastra Bank.
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