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Survey paints bleak financial picture

Survey paints bleak financial picture

Post Report, May 28 Kathmandu
As Finance Minister Yubaraj Khatiwada prepares to unveil the budget for the next fiscal year on Tuesday, he faces an uphill task of oiling the state machinery with the federal government reeling under financial stress, mainly due to growing budget deficit and depleting foreign reserves.Outlined in the Economic Survey 2017-18, the financial stress could force the government to dig deep into the tax base to generate enough resources for financing the next fiscal plan.
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