An ambitious plan to improve the economy

We are not in the recession of the economy, but it is necessary to move forward with a little ambitious plan. It will raise the morale of the entire country, make the economy viable, create jobs and give dynamism to all economic sectors.

फाल्गुन ७, २०८०वर्षमान पुन

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Some kind of people made a weapon to attack the government saying that our country will become Sri Lanka one day. It was tried to make a comment that the situation of the parties and leaders of Nepal is like that of Sri Lanka, the same way the people entered the Rashtrapati Bhawan and the Parliament Building in Sri Lanka, they are fleeing here as well. Today, the government led by Pushpa Kamal Dahal has removed that potential problem. The current state of the economy is overall positive.

An ambitious plan to improve the economy

Sri Lanka means that foreign exchange reserves are extremely low, which makes it impossible to import even essential goods. At one time Sri Lanka was unable to import not only medicine but also paper for printing question papers for conducting school examinations. There was no money to import petroleum products and food. That is not our situation. Today, there is a foreign currency reserve that can support the import of goods and services for more than one year.

Remittances have also increased due to the government's good governance vigilance. Yesterday it used to come from Hyundai, it went to cryptocurrency, it used to be an illegal transaction. Gold was found to be smuggled. Those paths stopped. Now foreign loans and aid have increased. Some investments are also going to increase.

Internally, there were problems in the real estate, such as property disputes. After the opening of Kittakat, the business has been running slowly. covid During the

period, the economy was extremely weak. To boost it, the National Bank adopted a flexible monetary policy. Concessions were given in many areas. Especially when investing in real estate or shares by taking loans at low interest rates, the prices in those areas increased abnormally. Again, when the demand did not match the supply, there was a recession. Due to the strictness of the government and the vigilance of the regulatory bodies, some improvement has been seen after regulating those sectors as well. Especially, foreign tourists came in a record number of more than 1 million. Back to pre-Covid conditions.

Nepalese politics went into instability. Even though it was a coalition, the government gave stability. Compared to last year, investment and credit flow have increased. Last year, the bank did not have enough money to lend. A bit more reserve is seen now. The challenge is how to market it. There was even a case of public appeal that those who took huge loans from the bank should not repay the loans, causing chaos. Some forces seemed to encourage it. So it seems like the banks are a bit scared, there is a psychological pressure that the loan will sink when they give the loan. The government has recently discouraged such a trend. Banks' morale has improved slightly.

Internal sector as well as public finance has not improved as much as it should have done. Capital expenditure should have increased, but not increased. In the same way, it was seen as if he did it willingly even when he had to hold back those who had to tender for work and create a multi-year obligation. After completing the process of acquiring land, making DPR, EIA, IA, it was delayed rather than proceeding with the preparatory stage projects, which could not be spent. It seems to be moving forward in a somewhat conservative manner, saying that there will be pressure on resources. As a result, the economy collapsed.

Last year, the import of several materials was banned due to foreign exchange pressure. Asli was closed. Keeping it for a long time to regularize it by the National Bank or other agencies has put pressure on the revenue. The revenue is raised as much as it should be. Home administration and finance administration must work together to close the ways of theft, smuggling and irregularities. Thus controlling the informal economy increases revenue. It is also seen that we are falling into a bad circle by reducing the budget size and reducing the capital expenditure even more. When making the next budget, an environment should be created to invest more in the market. It keeps the economy running. Jobs are created.

What the foreign currency reserves demand, we should put in big development and infrastructure projects or industries. Import materials that increase employment and create capital. Yesterday the reserve was raised to see if there would be a problem. Today the reserve is the problem. It is a condition where capital remains passively. We are not in the recession of the economy, but it is necessary to move forward with a little ambitious plan. It will raise the morale of the entire country, make the economy dynamic, create jobs and give dynamism to all economic sectors.

overall is expensive control. It seems that the price has increased up to 19-20 percent at some point. It seems that the government is not working properly. On the other hand, we seem to have to increase our production. If the internal production is increased and the consumption goes, on the one hand the market will be controlled and on the other hand the tendency of middlemen will be removed. The tendency of middlemen to make more profit than producers should be controlled by other methods including market regulation.