September 30, 2026, Wednesday
English

The economic growth rate of the current fiscal year is expected to be limited to three and a half percent

Main News Image

Kathmandu. The government has predicted that the country's economic growth will be limited to 3.5 percent. This projection has been made in the half-yearly review of the current financial year's budget. The annual growth rate of the current year's gross domestic product was estimated to be six percent.

 A new projection has been released in the half-yearly review, with the economic growth rate shrinking to 3.5 percent due to the decline in rice production, area and productivity, the slowdown in the construction sector and the decline in real estate transactions. In the last year, the growth rate of gross domestic product is estimated to be 4.6 percent.

According to the half-yearly evaluation report of the budget, the preliminary estimate is that the gross domestic product has increased by three percent in the basic price during the first quarter of the current year. In the same period of last year, the revised estimate is that such increase in basic price of gross domestic product is 2.9 percent.

mediabaaji add

Related News

Trunkline dues dispute: Industrialists agree to deposit deposit

Kathmandu. Industries have come to an agreement on dedicated and trunk line dues disputes. According to the Confederation of Nepal Industry and Commerce, it has been agreed to go for a review by depositing an amount eq...

What is the exchange rate of which foreign currency on Friday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate for today, the buying rate of one US dollar is 143 rupees 65 paisa and the selling rate is 144 rupees 25 paisa.

Heavy fall in the price of gold and silver, how much is the transaction going on today?

Kathmandu. The price of gold has decreased in the Nepalese market. Today the price of gold has decreased by 9 thousand 500 rupees per tola. According to the Nepal Gold and Silver Traders Federation, 2 lakh 95 thousand 200 rupees have been fixed in...

The upcoming budget will focus on economic transformation: Finance Minister Dr Wagle

Kathmandu. Finance Minister Dr Swarnim Wagle has said that the budget to be presented on May 15 will focus on economic transformation. Finance Minister Wagle clarified the government's opinion on the current economic, political and contemporary is...

Strictness in issuing IPO, if the net worth is less than 100 rupees, permission will not be given

Kathmandu. Nepal Securities Board Sebon has prepared to make the criteria for initial public issue IPO approval more stringent. The Board, while publishing the draft of the General Eligibility Guidelines for Public Offerings, 2083, proposed not to...

The work on the western section of Muglin-Pokhara road is in the final stage

Kathmandu. The construction of the Jamune-Pokhara West section of the Muglin-Pokhara road project is set to be completed by November. According to the Ministry of Infrastructure Development, the construction has picked up speed after the problems...