Finance Minister says 8% growth target is difficult to achieve

Finance Minister Yubaraj Khatiwada speaks at a press conference in Kathmandu

Kathmandu, November 6

Finance Minister Yubaraj Khatiwada says the incumbent government is unlikely to achieve the economic growth target of eight per cent it has set for the current fiscal year, citing it is ‘difficult to achieve’.

Launching the online transaction of Nepal Stock Exchange in Kathmandu on Tuesday, Khatiwada said the government would be restricted to the achievement of six to eight per cent this year.

“Our estimation is eight per cent,” the Minister said, “But, those who are independently assessing our economy says the growth rate would be just above six per cent. It means, we will get settled between six and eight per cent.”

Khatiwada said the banking sector was earning satisfactory profit and it would leave positive impacts on the national economy.

Published on November 6th, Tuesday, 2018 3:16 PM

Download Onlinekhabar App. Android click here & IOS click here . Keep in touch with us on Facebook, Twitter & YouTube.

Related News Nepal imported 22,500 kg needles worth Rs 7.7 million in past 11 months Why Nepal needs to introduce a mega bank merger plan World Bank predicts 7.1% GDP growth for Nepal this fiscal year

No Comments

Leave a Reply

Your email address will not be published.

You May Like This