Gen-G movement damages Rs 84.5 billion, more than 2,300 jobs lost

. The Gen-G movement that took place on September 7 and 24 has had a serious impact on Nepal’s governance, economy and social structure, according to a government report.

According to the budget half-yearly evaluation report for the current fiscal year 2082/83 released by the Ministry of Finance, the two-day agitation has caused a total physical loss of Rs 84.45 billion to the public and private sectors.TAG_OPEN_p_11 This loss is equivalent to 1.38 percent of Nepal’s gross domestic product (GDP) and 4.30 percent of the total budget of the current fiscal year.

According to reports, 77 people, including 73 men and four women, were killed and 2,429 injured during the protests.TAG_OPEN_p_10 Of the total physical damages, 53 per cent were caused by public sector, 30 per cent by private sector and the remaining seven per cent by community sector.

Of the total loss of Rs TAG_OPEN_p_9 4.49 billion towards the public sector, the share of the federal bodies is 66 per cent and the local government is 21.8 per cent. According to the report, public buildings, vehicles, and valuables were vandalized and looted during the agitation.

The private sector suffered losses worth Rs 33.5 TAG_OPEN_p_8 4 billion. The private enterprises and the general public suffered a loss of Rs 684 million. Likewise, property worth Rs 597.1 million belonging to the offices of political parties and community organisations has also been damaged.

According to the report, 2,TAG_OPEN_p_7 353 people have lost their jobs and 2,353 people have lost their jobs due to the stallion of economic activities due to the agitation.

According to the National Planning Commission’s assessment, Rs TAG_OPEN_p_6 36.30 billion will be required for the reconstruction of damaged buildings, vehicles and other physical infrastructures.