Nepal’s economy expands by 4 trillion in PM Oli’s one year in office

In the one year since government formation, Nepal’s economy expanded by 4 trillion to reach 61 trillion, with a GDP growth rate of 4.61%.

Revenue collection increased by 108 billion compared to last year.

The government boosted capital expenditure by over 36 billion, achieving a 59.13% capital spending rate.

Remittances rose by 15.5% and exports by 77.8%. Foreign exchange reserves hit $1.865 billion, while inflation remained low at 2.77%.

Positive growth was recorded in 18 sectors including transport, construction, mining, energy, agriculture, and IT.

The government amended over a dozen investment-related laws and started implementing economic reforms based on commission recommendations.

Outstanding payments of 30 billion to construction firms were cleared, and foreign aid commitments increased