KATHMANDU – Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said the country’s economic indicators are on a positive trajectory due to the consistent efforts.
Making a statement prior to seeking a vote of confidence in the House of Representatives today, he said he has been continuously working since the beginning for improving the economy and made it clear that most of the economic indicators have improved in the latest situation.
“The balance of payment is in reserve by 297 billion and 720 million in the seven months’ period of the current fiscal year. The foreign exchange reserve has increased by 19.9 percent and reached nearly equivalent to Rs 1 trillion and 845 billion,” the PM said, adding that the trade deficit has reduced by 1.8 percent.
He further said the inflation has been limited to 5.1 percent in the seven months’ period and the loan disbursement has increased by 4.7 percent.
“It is not that the government cannot interpret the existing economic condition as a big achievement, but the expected progress has not been made in the domestic production and employment generation. Similarly, capital expenditure has also not been increased as expected. It is necessary to give extra impetus to the projects of national pride and priority, to increase the capital expenditure and to further improve in public service delivery,” the PM pointed out on the occasion.
He made it clear that making the administration mechanism efficient, removing the procedural obstacles and creating an environment conducive for fully harnessing the capacity of the private sector were his first priority.
