Finance Minister Barshaman Pun has said that although the country’s economy is somewhat sluggish, it has not reached a situation of crisis.
Addressing the 34th-anniversary programme of the Citizen Investment Trust (CIT) here today, he claimed that the economy is beyond crisis and much improvement has been seen in the external sector.
However, Minister Pun admitted that some structural challenges remained in the public finance sector. As he said, the negative over-publicity that the country’s economy is on the verge of collapse has had its impact on the market.
“We have foreign currency reserves sufficient to cover the imports of goods and services of over one year. The remittance inflow is excellent. There is adequate liquidity in the banks and financial institutions. The investment will also gradually increase now,” the Finance Minister said.
