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Nepal's foreign trade increased by 14.75% to Rs 19.41 trillion in the first 10 months of fiscal year 2082/83, according to the Department of Customs. However, the trade deficit widened by 14.92% to Rs 14.43 trillion as imports grew faster than exports, with imports accounting for 87.18% of total trade.
Finance Minister Presents Economic Survey in National Assembly
Finance Minister Dr. Swarnim Wagle presented the Economic Survey for Fiscal Year 2082/83 in the National Assembly today. He had previously presented the survey in the House of Representatives meeting earlier the same day. The National Assembly also received messages from the House of Representatives concerning two amendment bills.
Nepal's Economy Projected to Grow 3.85% Amidst Global Uncertainty, Finance Minister Reports
Nepal's economy is projected to grow by 3.85 percent in the current fiscal year, according to the Economic Survey presented by Finance Minister Dr. Swarnim Wagle. Despite global economic uncertainty and regional conflicts, the nation's macroeconomic indicators have shown improvement, with the total economy estimated to reach Rs. 6.6 trillion and per capita national income projected at USD 1,535.
Nepal Needs Additional Rs 755 Billion Investment for Development Goals: Economic Survey
Nepal requires an additional investment of Rs 755 billion over the next four years to achieve Sustainable Development Goals and transition to a developing nation, according to the Economic Survey. The report indicates that Nepal must achieve 94.85 percent of its SDG indicators to graduate by 2030, a significant increase from the current 68.58 percent progress.
Nepal's Public Enterprises: 27 Profitable, 16 Loss-Making in FY 2081/82
As of fiscal year 2081/82, Nepal's public enterprises show mixed financial results, with 27 out of 45 operating profitably while 16 incurred losses, according to the Economic Survey 2082/83 presented by Finance Minister Dr. Swarnim Wagle. The total government investment in these enterprises has reached approximately NPR 798.56 billion.
