Today's major economic news in Nepal

Government has amended the target economic growth rates for fiscal year 2018/19. Mid-term Review published by the Ministry of Finance on Wednesday has unveiled the revised estimate of achieving 6% economic growth. There was a target to achieve 7.2% economic growth rate in the budget. Meanwhile, as per the government's estimation, price growth rate would not exceed 6 %. According to the Ministry, the capital expenditure till 6 month-duration is only 14.3% while current expenditure has reached 41.2%. The Ministry has estimated there will be 70% of capital expenditure in the current fiscal year. It is informed that the revenue collection has been 100% prior to the completion of review duration. 3 trillion, 350 billion rupees of revenue has been collected within 6 months. Finance Minister Dr. Yuv Raj Khatiwada said that he will publish the future road of economy through white papers. Saying that the campaign to accelerate the work of custom administration has already started, Khatiwada added it is not necessary to monitor places like Durbarmarg. He said the budget of the projects which fails to come into implementation by the end of Nepali month Falgun, will be surrendered, saying the projects are mostly spread. He also said other alternatives regarding social securities will be taken ahead to stop the trend of distributing money in the name of social securities.