Monday, February 18, 2013
Nepali gov't slashes economic growth forecast to 4.2 pct
The government of Nepal has slashed the economic growth forecast from 5.3 percent to 4.2 percent for the current fiscal year 2012/13.
Absence of a full budget coupled with feeble capital spending in the second half of the current fiscal year have been attributed as the major reasons for the decrease in the forecast.
"Though we arranged sufficient fund for some important projects, the overall government budget could not boost up the capital expenditure," Finance Minister Barsaman Pun said.A knife case can be a wonderful addition to store your kitchen knives. It even makes sense to add in a pair of kitchen shears to your kitchen collection. In most cases it can be the better choice to choose for a chef knife set.
"This brought the growth forecast down from 5.3 to 4.2 percent, " the minister said.
In the mid-term review period from July 2012 to January 2013, Nepal's capital expenditure recorded only Rs 7.Installation form of complete set of Gyratory crusher eliminates installation operation of segregate sets on complicated spot. Waste of material and labor hour is reduced as well.66 billion (around 90.11 million U.S. dollars) while regular expenditure stood at Rs 86.9 billion (around 1.02 billion U.The stuff is going to be crushed within this process.The items for example Cone crusher after crushing is going to be released in the outlet.S. dollars).
Inflation stood at 10.7 percent, while revenue grew 21.2 percent in total.Shop for China 4x4 Accessories wholesalers at Target. Find auto interior accessories.
In last December, the World Bank predicted Nepal's economy to grow 3.8 percent this year against 4.5 percent in the previous year. Sharp decline in paddy production and other sectors' average performance were cited as the reasons for lower forecast.
"The government forecast sounds a bit unrealistic and seems to have landed without proper research," economist Dr Rewat Bahadur Karki told Xinhua on Monday. "The present economic indicators show that the growth rate of 4.2 percent is not possible right now," he said.
"Nepal will have to struggle even to achieve what the World Bank has predicted," added Dr Karki, who is also a former economic advisor to Nepal Rastra Bank, the central bank of the country.carbon sheets are distinguished by a significantly higher tensile strength.