Economic survey is made public: Trade deficit at Rs.438.67b

Kathmandu, July 13 – Ministry of finance has published economic survey of the current fiscal year on friday. Announcing the survey result ,Finance Minister, Shankar Prasad Koirala said the total trade deficit had reached Rs. 438 .67 billion.

 

As against the set target of 5.5 percent growth in current fiscal year, it will be only 3.6 percent, he said, adding it is projected 1.3 in agro sector and 5 percent in non agro sector.

 

Koirala has also mentioned that though they had made a plan to reduce poverty to 21 percent from 25. 2 percent  the ministry could reduce it to only 23.8 %

 

He said import was boosted from the increase in spendable income of the people and import increased by 21.2 percent, but export only increased by 4 percent. He also sod that the inflation has reached 8 percent as against the target to limit it to 7.5 percent.