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The Rising Nepal | Nepal's First English Broadsheet Daily. Khabarhub Enewspolar Fiscal Nepal
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Started 5 days ago · Updated 5 days ago

Finance Minister Wagle Consults Former Ministers on Upcoming Budget, Emphasizing Reforms

Photo · enewspolar.com

Finance Minister Dr. Swarnim Wagle met with eight former finance ministers to gather suggestions for the upcoming national budget, which is in its final preparation stages. The discussions focused on economic reforms, fiscal discipline, and improving living standards, with former ministers offering advice on revenue targets and spending. Dr. Wagle stated the government aims to build upon past successes and good practices.

  • Former finance ministers recommended implementing the High-Level Economic Reform Taskforce Report and avoiding fragmented project allocations.
  • Suggestions included not imposing Value Added Tax (VAT) on electricity, opening electricity trade to the private sector, and advancing hedging policies.
  • Dr. Yubaraj Khatiwada advised against overly ambitious revenue targets, suggesting a growth rate between 10-12 percent.
  • Recommendations also covered reducing government spending, restoring private sector confidence, and increasing investment in productive sectors.

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Dr. Yubaraj Khatiwada Swarnim Wagle Rameshwar Khanal Shankar Koirala

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