Government Releases Economic Survey for Fiscal Year 2082/83
Summary
The Government of Nepal released the economic survey for fiscal year 2082/83, highlighting a 3.85% projected growth rate, a trade deficit increase, high foreign exchange reserves, and improvements in sectors like tourism and infrastructure.
Key Points
- Nepal's economic growth rate is estimated at 3.85 percent for fiscal year 2082/83.
- Foreign exchange reserves have reached a record high, sufficient to cover 18.5 months of imports.
- Trade deficit increased by 11.2 percent to over 10 trillion rupees.
- Poverty rates have decreased while social security coverage and foreign employment permits have increased.
