9 sources · 13 articles

Started 1 week ago · Updated 1 week ago

Finance Minister Wagle outlines budget priorities for digital transformation and economic reform

Finance Minister Swarnim Wagle has presented the government's guiding principles and priorities for the upcoming fiscal year's budget, emphasizing digital transformation, economic restructuring, and employment-oriented growth. The budget aims to build a new foundation for economic development through technology and institutional reforms, focusing on strengthening governance and public services.

• The government plans to introduce a "single-window, time-bound and digital" administrative system by reviewing laws related to investment, financial services, and public service delivery.
• Key priorities include 'Dividend of Good Governance', 'Economic Restructuring', 'Integrated Infrastructure for Connectivity', 'Universal Social Advancement and Expansion of the Middle Class', and 'Strengthening Soft Power'.
• Public services such as business registration, tax administration, payments, and regulatory approvals will be integrated into digital platforms, with a unified database linked to national identity cards.
• Limited public resources and private investment will be redirected toward high-return and employment-generating sectors including agriculture, tourism, energy, information technology, and services.
• The budget will also focus on governance reform through accountability, institutional stability, and results-oriented public administration, aiming to reduce delays and bureaucratic hassles.