Finance Minister Khanaal Cites Major Economic Challenges Despite Positive Indicators

Kathmandu. Finance Minister Rameswor Khanal stated that despite positive economic indicators currently visible, the country faces significant challenges.

Addressing the 36th anniversary ceremony of the Employees Provident Fund on Wednesday, Finance Minister Khanal mentioned that although there are positive signs in the country's macroeconomic indicators, the economy is still confronted with major challenges. According to him, the inability of the large volume of idle capital in banks to be invested in productive sectors has become a major problem for the economy.

He also noted the possibility of disruption in Nepal's supply chain and an increase in the price of imported goods due to the crisis seen in the Middle East and Gulf countries. He stated that this could increase the cost of industrial production and affect the overall economy, emphasizing the need for all stakeholders to be aware of this situation. Finance Minister Khanal also pointed out the necessity of making quick decisions on certain matters in such a scenario.