May 30: The government has set its target on achieving a 6% economic growth rate in the next fiscal year, 2023/24.
The Finance Minister, Dr. Prakash Sharan Mahat, unveiled this target while presenting the budget statement in Parliament on Monday.
Additionally, the government aims to effectively manage inflation, setting a target of below 6.5%. By keeping inflation in check, the government aims to ensure that the benefits of economic growth are felt by all.
The Nepal Rastra Bank, the country's central bank, will play a vital role by formulating and implementing prudent monetary policies to achieve these targets, said Finance Minister Dr Mahat.