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The country's economy has gradually progressed in a positive direction: Finance Minister Mahat

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Finance Minister Prakasharan Mahat has said that the country's economy is gradually moving towards a positive direction. In the House of Representatives meeting on Monday, Finance Minister Mahat presented a proposal to discuss the principles and priorities of the Appropriation Bill for the financial year 2081/082. He made it clear that the economy has been able to gradually move in a positive direction due to some flexibility adopted over time and efforts made to coordinate between the financial policy and the monetary policy.

The country's economy has gradually progressed in a positive direction: Finance Minister Mahat

"Procedural simplification to create an investment-friendly environment, continuous dialogue with the private sector, continuous initiatives for the effectiveness of capital expenditure, some flexibility adopted recently in monetary policy and efforts to coordinate between financial policy and monetary policy, the economy has gradually progressed in a positive direction . In addition to the increase in electricity production and tourist arrivals, the increase in foreign investment has contributed positively to the economy. There is sufficient liquidity in the banking sector, the interest rate is falling towards a single point and there has been a gradual increase in deposits and lending, said Finance Minister Mahat.

Finance Minister Mahat also mentioned that the increase in electricity generation and tourist arrivals has also contributed positively to the economy due to the increase in foreign investment. He said that the situation of current expenditure, transfer of savings to the external sector and adequate reserves of foreign exchange have created a favorable environment for economic activities. He said that although the revenue collection is not as per the target, the growth rate is around 10 percent and it is expected to increase further in the coming days. Real estate transactions and capital markets are improving. The situation of current expenditure remittances towards the external sector and adequate reserves of foreign exchange have created a favorable environment for economic activities . Although the revenue collection is not in accordance with the target, the growth rate is around 10 percent and it is expected to increase further in the coming days,' he said.

Finance Minister Mahat said that there is sufficient liquidity in the banking sector, the interest rate is falling towards a single point and there is a gradual increase in deposits and lending.

प्रकाशित : फाल्गुन १४, २०८० १३:३३
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