Balance of Payment improving significantly: PM Prachanda

The  balance of payment (BoP) of the country has been improving due to steps taken by the government, claimed Prime Minister Pushpa Kamal Dahal ‘Prachanda.’

Speaking at a program organized by Nepal National Employee Association, Nepal Rastra Bank on the theme ”Current Challenge of Economy and Future Course of Action of its Solution” the PM said that foreign exchange reserve has improved and the indicators that measure the liquidity and interest rate are also improving.

The government has been preparing the plan and policy for the forthcoming fiscal year  and along with it process for the formulation the annual budget is also moving  ahead, he pointed out. “That the government is completely focused on sustainable economic development and prosperity.”

The Prime Minister underscored the need to take coordinated initiative from all the state apparatus, private sector and all the stake holders to achieve a goal of sustainable development and prosperity.  

The Prime Minister pointed out the need for a significant structural and transformational reforms.

He said that the government has been taking important steps to face the economic challenges and is implementing various policy and programmes with an aim of good governance, prosperity and social justice. 

The government has been taking important steps to face the economic challenges and is implementing various policy and program with aim of good governance, prosperity and social justice, said the Prime Minister. 

He said that there is no need to stand in long line due to improvement in service delivery. Books are being timely reached in schools. 

“Government will ensure that famers will get fertilizer appropriate time,” he ensured. 

PM Prachanda extended his gratitude to people to show solidarity in taking action against corruption and government is serious against it. ”Our economy has overcame the optimum level of challenges created from internal and external sectors.”

Nepal Rastra Bank has provided some relief to industrialist and entrepreneurs through review in monetary policy in the third quarter, he pointed out.