Finance Minister Mahat has made public the economic performance scenario for over the past couple of years and has blamed the royal government for the failure of economy. He has mentioned various indicators to evidence his claim. However, is his blame for the royalist government justified? Are not the political parties also responsible for the poor economic performance?
Some of the highlights of the "white paper"
-GDP growth in the past 3 years has remained low at 2.6% while it was about 5% in the 10 year period ending 2058/59.
-money growth has remained low at about 11% in recent years.
-Four year period till 2058-59 boasted an export growth rate of about 16% while the current fiscal year is expected to have an export growth rate of about 8%.
-Current Consumer Price Index puts inflation rate at more than 7% while it was low at 3% in 2058-59.
For more, see the pdf file.