Kathmandu. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said that the country is in the intensive monitoring list of wealth purification due to lack of adequate legal arrangements in time and effective monitoring and prosecution.
He said this during the budget speech for the fiscal year 2082/83 BS. He said the productivity of the agriculture sector was low due to lack of expected improvement in the traditional farming system. He said that the attraction of farming among the youth has not increased.
He said that due to lack of innovation and use of technology, low productivity and high production cost, the contribution of the productive sector to the gross national income has not been as expected.
He also said that due to the decrease in overall demand, the industry sector could not operate at full capacity. He said that the investment made in physical infrastructure could not be reflected in the expansion of economic activities and the desired contribution to the production growth could not be achieved.
“Due to lack of adequate legal arrangements in time and effective monitoring and prosecution, the country has been placed in the intensive monitoring list of property purification,” he said. Due to lack of expected improvement in the traditional farming system, the productivity of the agricultural sector is low and the attraction of farming among the youth has not increased;
; Due to lack of innovation and technology use, low productivity and high production costs, the contribution of the productive sector to the total national income has not been as expected. Due to the decrease in overall demand, the industry sector has not been able to operate in full capacity. The investment in physical infrastructure has not been reflected in the expansion of economic activity, so the desired contribution to production growth has not been achieved; He added.
Finance Minister Poudel said the negative impact of climate change is increasing in agriculture, drinking water and irrigation sectors.
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