Kathmandu. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said that he will give high importance to economic reforms in the coming days.
“We have started economic reforms some time ago. We are getting positive results from it. We will give high importance to economic reforms in the coming days,” Finance Minister Poudel said in a discussion with development partners about the upcoming budget. “The law amendments made through the ordinance, the suggestions given by the High-Level Economic Reforms Advisory Commission, various policies and decisions are important aspects of policy reforms.”
Finance Minister Poudel informed development partners that the upcoming budget will focus on encouraging the private sector, creating employment opportunities, increasing production and productivity, and strengthening the national economy. .
Noting that the situation is not favorable in terms of ensuring resources, Finance Minister Poudel said that while preparing the budget, he will focus on frugality, cost reduction and allocating limited resources in a way that yields maximum returns.
“Our focus will be on focusing foreign aid on Nepal’s needs and priorities, and on its correct and effective utilization,” Finance Minister Poudel added. “We have also paid attention to capital expenditure and solving problems arising from it.”
Expressing confidence that everyone will evaluate the upcoming budget as relevant after it is presented in Parliament, Finance Minister Poudel expected continued support from friendly countries and development partners in Nepal’s development. .
Finance Secretary Ghanshyam Upadhyay said that the upcoming budget will prioritize economic discipline and increasing confidence in the private sector. Dhaniram Sharma, Head of the International Financial Assistance Coordination Division of the Ministry of Finance, informed that Nepal’s economy is improving compared to last year and that economic indicators are currently positive.
Representatives of development partners made suggestions on revenue mobilization, optimal utilization of resources, realistic budget preparation and implementation, and said that they would provide more support to Nepal in the coming days.
Representatives from India, China, the US, the UK, Japan, Korea, Australia, Norway, Germany, Finland, the European Union, the World Bank, the Asian Development Bank, the United Nations, the International Monetary Fund, and the World Health Organization participated in the discussion. .
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