By Our Reporter
The national economy has worsened in recent weeks. It is evident from the latest trade statistics and the decision of the National Planning Commission to fix the ceiling of the new budget by lowering the budget size, which will surely affect infrastructure building works.
This week Prime Minister Pushpa Kamal Dahal ‘Prachanda’ held a meeting with the leaders of the business sectors to find a solution to the crisis.
Earlier, foreign trade statistics report showed that the country’s trade deficit reached Rs. 825.73 billion during the first seven months of the current fiscal year.
Imports have also decreased by 19.90 per cent during the first seven months of the current fiscal year. Goods worth Rs. 919.16 billion were imported in the review period.
Not only imports but exports too have decreased. Goods worth Rs. 93.43 billion have been exported in seven months of the current fiscal year.
Meanwhile, the National Planning Commission (NPC) has prepared a budget ceiling for the coming fiscal year. The budget ceiling for the next fiscal year is Rs. 105.43 billion less than the budget of the current fiscal year 2022/23.
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