Stories By 'Chandan Sapkota'
Finance Minister Yubaraj Khatiwada presented the incumbent government’s second annual budget on May 29 to a joint assembly of the federal Parliament. He argued that the fiscal year 2019-20 (FY2020) budget focuses on institutionalising the achievements made since FY2019’s budget, ensuring fair distribution of resources, and strengthening the social security regime.
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The Central Bureau of Statistics estimated that the economy would likely grow at 6.8 percent in 2018-19, up from 6.3 percent last year. Since this is the third consecutive year the economy grew by over 6 percent, some analysts and the government are arguing that the economy is on a solid footing and that double-digit growth is within reach.
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Based on content, commitment, and coherency, Prime Minister KP Sharma Oli’s speech during the recently concluded Kantipur Conclave was probably one of the best speeches delivered by him on issues pertaining to the opportunities for and suitability of the country for foreign investment.
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The government is exploring options to have the country’s sovereign credit rating determined with the objective of borrowing funds from the international bond markets and creating a benchmark for foreign investors to evaluate investment risk.
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The authorities should have let the stock market self-correct and fall back to its natural state
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On November 27, Prime Minister KP Sharma Oli launched a new contribution-based social security scheme for private sector employees amidst much fanfare and self-congratulation.
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