Trends and Scenario of Poverty in Nepal

This paper descriptively analyzes the poverty scenario in Nepal and particularly focuses on poverty and the macroeconomic condition, trends and dimensions of poverty, periodic development plans and their effect on poverty and finally the situation of the Millennium Development Goals in Nepal. The practice for the implementation of the organized fiscal budget has already been more than six decades, however, Nepal still suffers from poverty coupled with low economic growth, unemployment, inequality and political instability. Achieving the target of poverty reduction seems to be a very daunting task albeit many development plans keep poverty reduction as a top priority.