Today is the day the House of Representatives reconstituted by the King himself after the people’s movement of Jeshtha 15, 2062/63 B.S. declared the republic. The government has been celebrating this day as Republic Day every year in Tundikhel. There should be a grand program in this regard at the military forum of Tundikhel this morning as well. However, the program scheduled to be held in Tundikhel till today is being shifted overnight to the army headquarters in Bhadrakali. President, Vice President, Prime Minister and other dignitaries have reached to attend the ceremony at the Army Headquarters Bhadrakali.
Finance Minister Bishnu Poudel is scheduled to present the budget at the Prime Minister’s Office Singha Durbar at 4 pm today. Finance Minister Bishnu Prasad Poudel presented the economic survey yesterday. According to the survey, the country’s economic growth will be less than 4 percent in the current fiscal year B.S. 2077/08. He said the economic growth rate would not reach even 4 percent as the economy was affected by the recent Corona infection.
According to the finance minister, a situation has arisen in which the revised projected target of 4.01 per cent, too, could not be achieved as prohibitory orders have been enforced in many places of the country to contain the spread of the second wave of COVID-19.
He, however, added that most of the macroeconomic indicators were positive even in the adverse situation of the pandemic.
Finance Minister Poudel said domestic investment has expanded, the scope of financial access, capital market and insurance has broadened, the overall balance of payment situation was in reserve and the remittance inflow and foreign exchange reserve have increased.
Minister Poudel has said that the second wave of Corona, which started spreading in the beginning of 2078 B.S., has increased the risk in the economy again.
