In a major update regarding the financial performance at the local levels, Province 5 emerged as the province with highest growth rate for FY 2018-19.<\/p>\n
Standing top of the list of provinces, Province 5 reported 7.37 percent growth rate for the fiscal year.<\/p>\n
The Central Bureau of Statistics (CBS) said this in its announcement in Butwal on May 20, 2019.<\/p>\n
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Meanwhile, Gandaki Province stood second with 7.06 percent economic growth, followed by Province 3 (7.04 percent), Province 2 (6.53 percent), Province 1 (6.49 percent) and Far Western Province (6.25 percent), respectively.<\/p>\n
Province 5 had 6 percent topped the list in the last year.<\/p>\n
This news gains significance in view of the government\u2019s emphasis on growth of local bodies in the upcoming year through Federal Budget 2019-20.<\/p>\n
Hope the governmental efforts will reflect in overall economic growth of the country.<\/p>\n
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