Finance Minister Dr. Swarnim Wagle Discusses Economic Reforms and Budget

Kathmandu. Finance Minister Dr. Swarnim Wagle has stated that the budget for the upcoming fiscal year is being prepared with the goal of strengthening the country's overall economic condition. 

Addressing an economic dialogue program organized by Bahrakhari Media in Kathmandu on Saturday, Finance Minister Wagle informed that the government is taking concrete steps to revitalize the sluggish economy. Speaking at the program, he said that preparations are underway to repeal laws that are currently in effect but have become irrelevant to steer the economy towards improvement. He stated that creating a conducive investment environment in the country is the government's top priority, and policy reforms are being advanced accordingly. He clarified that the report submitted by the recently formed High-Level Economic Suggestion Commission during budget preparation will also be taken seriously.

Finance Minister Wagle stated that the government understands the reality that the country's economic development is not possible without the support and trust of the private sector. He said, 'Economic progress cannot be achieved without taking the private sector into confidence. Therefore, the government is fully committed to the security and promotion of entrepreneurs who operate businesses within the country and create employment.'

Furthermore, he pledged to make necessary policy reforms to ensure the security of private property, effectively implement existing agreements, and reduce the tax burden on businesses. Stating that establishing good governance is the first condition for economic development, Minister Wagle informed that the government is also working very seriously on this matter. 

He expressed confidence that these steps taken by the government will soon show positive results in the economy.