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Monday Aug 8, 2022

Special Campaign to address pressure on economy

2022 May 24, 17:34, Kathmandu
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The government is planning to launch a special campaign in the coming fiscal year to address the internal and external pressures on the country's economy.

Financial and monetary instruments will be used to reduce the pressure on the economy in the forthcoming policy and program presented to President Vidyadevi Bhandari in the joint sitting of the Federal Parliament today. The government has a plan to improve the public procurement law, unprepared, not enter the project bank, and maintain financial discipline. The government's policy and program includes setting the necessary criteria to facilitate local level revenue mobilization and mobilizing foreign assistance in the transformation plan.

 The government has stated in its policy for the coming year that it will facilitate the flow of credit in productive and employment oriented sectors, merge or dissolve financially burdensome public enterprises. Nepal's credit rating is going to be done. For economic development and poverty alleviation, a plan has been put forward to mobilize the cooperative sector in the productive sector and to merge the cooperative funds in a similar manner.

 The government aims to formulate risk-bearing economic policies and implement transformation projects. Infrastructure construction, production growth, emphasis on productivity, strengthening of federalism and good governance have been given priority. The government plans to keep agri-transport, energy, tourism and information technology forward and keep inflation within the required limits.

 Similarly, the government will provide subsidy of chemical fertilizers for the promotion of agriculture sector, provision of purchase of agricultural produce, expansion of micro-access to remote areas, provision of special relief to sugarcane farmers and replacement of quality and price of Nepali agricultural produce.  


Special Campaign to address pressure on economy internal and external pressures on the country's economy. economy nepal Parliament
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