An economy freed from the political vicious cycle

वैशाख ५, २०८२

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An economy freed from the political vicious cycle

Nepal's economy had not reached a desperate state before the corona epidemic. Even though the data of Nepal Rastra Bank shows that the economy has improved in the following years, the fact that our poverty is increasing is not hidden from anyone.

Our agriculture, industry and tourism businesses are in a slow state, and the future of the country is becoming uncertain because the rulers are unable to create a roadmap for prosperity. If we talk about the last year, the economic sector has been a little promising and very disappointing.

On the contrary, politics never took shape. Last year, like in the past, the top leadership spent time criticizing others. Being on the "grey-list" of the Financial Action Task Force (FATF) when Nepal violates the Anti-Money Laundering Law should be considered as an embodiment of government incompetence.

Meanwhile, rising public debt has continued to raise concerns. By last February, the total public debt has reached 26 trillion 76 billion 3 crore rupees after adding 2 trillion 41 billion 93 crore rupees compared to the beginning of the current financial year. It is certain that the year 2082 will be 'Aayaram Gayaram' until the anomaly is resolved.

Bhuvneshwar Sharma , Chandragiri-2, Kathmandu

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