Garner Development Fund

Nepal is set to graduate to the status of developing nation in 2026. This shows the country is making steady economic progress. However, its upgrade in the development ranking can hardly belie scores of humongous economic challenges it is grappling with. The shortfall in national revenue continues to hit its capacity to fund viable projects that generate employment and give a fillip to the beleaguered economy. Despite urgency in funneling funds to the development expenditures, there is a paucity of capital budget on the one hand and its poor spending on the other. This chronic conundrum has negative implications for the overall economic performance. Thus, it is understandable why the country is facing difficulty in procuring the money needed for development and social security.