Prime Minister KP Sharma Oli has claimed that there has been significant improvement in the economy compared to when he led the government a year ago.

On Wednesday, Prime Minister Oli informed the parliament about the participation and achievements in the Third United Nations Conference of Landlocked Developing Countries held in Avaza city of Turkmenistan on July 20-23 (August 5-8).

Gross Domestic Product (GDP) has expanded by 4 trillion. More than 70 percent of the work on upgrading the Narayangadh-Butwal East road section, which was stalled and stalled when this government was formed, has reached the point of breaking the contract. The construction of this road will be completed by next year," said the Prime Minister, "Muglin-Pokhara road has become attractive. The work of Muglin-Naubise section is also going on in full swing. The Nagdhunga-Naubise tunnel will be operational within a few days. The Prime Minister claims that three dozen laws and regulations have been amended within one year and that they have done a great job in promoting good governance in the country, simplifying service delivery, creating an investment-friendly environment and attracting foreign investment.

"Inspite of the disaster events in various parts of the country and global adversity, there has been an increase in revenue collection by 11.3 percent," Prime Minister Oli said, "In the first 11 months of the government's tenure, remittance inflow has increased by 15.5 percent to 15 trillion 33 billion." During this period, exports have increased by 81.8 percent, while both the current account and current account are in surplus. Prime Minister Oli says that the foreign exchange reserve is the highest so far, it can support the import of goods and services for 14.7 months. 

Although the Prime Minister claims that the mentioned indicators have improved during his tenure, the external indicators of the economy have not improved due to the government. Because the government has no contribution in the increase of remittances, on the contrary, there is an increase in the number of people leaving the country because there are no jobs in the country and they do not see a future. It has also increased remittances.

Due to increase in remittances, current account and current account are in surplus, foreign exchange reserves have also increased. Exports increased by 81 percent. The increase in production in Nepal is not the result of increase in export capacity. When India revised the customs tariff, the import of palm and soybean oil increased and the export of the same oil to India increased, which led to an increase in total exports. But the government is claiming that external indicators and exports have improved due to its own reasons. 

Prime Minister Oli has said that the indicators of the financial sector are strong during his tenure. Financial access has increased. Credit to the private sector increased by 8.7 percent. The attraction of investors in the capital market has increased. About 48 percent of the population is covered by insurance, Oli said.

Prime Minister Oli said that for the first time during his tenure, the sovereign credit rating (Sovereign Credit Rating) of Nepal, which depicts the overall financial situation and credit capacity of the country, has been completed by the International Rating Agency (Fitch). According to him, Nepal has received the second best BB minus rating in South Asia from this assessment, which is creating a good environment for investment in Nepal. While the sovereign credit rating was initiated during the previous government's tenure, the results were only produced during this government's tenure. In this assessment, the work done by this government has no contribution to the result of BB minus. 

With the release of the new finance and monetary policy, real estate and share transactions, which have been in crisis for a long time, have improved. Now, banks and financial institutions have sufficient liquidity and the interest rate for investment has also decreased," Prime Minister Oli said, adding, "The company registration service has been started completely online. The Department of Industry has implemented a system to approve foreign investment up to a total capital of 50 million rupees through automatic channels.' 

In the last fiscal year, 661 firms were selected for startups, out of which around 600 startup firms have been provided 886.66 million concessional loans. Prime Minister Oli said that this program has been continued in the current financial year as well. But the prime minister did not say anything about citizens being deprived of low interest loan facilities for the last 2 and a half years because the government did not pay about 13 billion rupees owed by the government in the subsidized interest loan program.

In the last financial year, electricity worth 17 billion 45 crores has been exported in India. This is 39 crore more than the previous year. Bangladesh has started exporting electricity for the first time. He said that out of total electricity exports, India has 17 billion 19 billion and Bangladesh 26 billion. 

Petroleum pipeline construction from Siliguri in India to Charali in Jhapa and construction of greenfield terminal has started. Pipeline extension from Amlekhganj in Bara to Lothar in Chitwan and construction of greenfield terminal at Lothar has started. According to the provisions of the Consumer Protection Act, Prime Minister Oli said that the Consumer Court has been operational in Kathmandu.