Government Focuses on Expanding Middle Class in New Budget
Summary
The Nepalese government plans to expand the middle class by improving access to education, health, social security, and enhancing economic and consumption capacity, aiming to stimulate demand and economic growth.
Key Points
- The government’s budget emphasizes expanding the middle class by ensuring access to education, health, nutrition, skills, and social security.
- The middle class is defined economically focusing on consumption capacity and social security rather than wealth accumulation.
- Experts caution that increasing middle class consumption without boosting domestic production could worsen import dependency and foreign exchange pressures.
- Government officials highlight policies to maintain the existing middle class and improve their consumption ability through investment security, employment, and financial services expansion.
