Finance Minister Dr. Swarnim Wagle States Government Will End Compulsion for Youth to Go Abroad

Kathmandu. Finance Minister Dr. Swarnim Wagle has said that the government will gradually end the compulsion for youth to go abroad to fulfill their dreams, and the beginning has been made with the budget. He said this while addressing the National Youth Entrepreneurship Conference 2083 held in Kathmandu on Sunday. He stated that the beginning has been made with the upcoming year's budget and it will be brought to a conclusion in five years.

"For the past 15-20 years, the youth of the country have been compelled to go abroad to fulfill their dreams," said Finance Minister Dr. Wagle. "Now, we have started laying the foundation from the budget to prevent such a situation. To understand that, read the budget. The implementation of the budget will set its course."

Addressing the young entrepreneurs from across the country, Finance Minister Dr. Wagle said that tax concessions, relief for entrepreneurs and businessmen in arrears, digitalization of government administration, and implementation of good governance agendas will signal a new path for nation-building.

He also stated that by reducing tax rates, youth earning up to one lakh rupees have been freed from tax hassles.

Similarly, he urged everyone to take advantage of the budget's preferential announcements for industrialists and businessmen caught in tax complications to make a new start.

He said that while preparing the budget, much thought was given to expanding the entrepreneurial thinking and plans of the youth, and programs have been announced accordingly.