We´ve brought down inflation to 7%: PM

Prime Minister Sushil Koirala on Friday said country´s economic growth crossed five percent for the first time in the five years during his tenure.

Prime Minister Koirala said this while unveiling the progress report of this government in Kathmandu on Friday.

National economy grew by 5.1 percent in fiscal year 2013/14. Though the government has set a target of achieving 6 percent growth in 2014/15, Nepal Rastra Bank (NRB), its mid-term review of Monetary Policy, said the growth will hover around 5 percent due to low agricultural yield.

Koirala also claimed that the government has managed to contain inflation at 7 percent. Inflation was over 10 percent in the first half of the last fiscal year. The government has also cited improvement in investment environment and major breakthroughs in hydropower sector as its achievements.

Source: Republica