Kathmandu, April 6: Experts and stakeholders have suggested that the new budget should be unveiled in a way to troubleshoot the existing challenges of country’s economy.
Speakers at the Third National Economist’s Conference-2024 organized by National Economic Concern Society (NECS), Nepal, the speakers said the budget should be achievable and result-oriented.
Deputy Speaker of House of Representatives (HoR) Indira Rana viewed the budget should be brought by accepting feedback from all sectors after holding intensive discussions on principle and priorities of the appropriation bill.
She argued that the government should bring the new budget by incorporating the aspirations of all regions, classes and communities.
Likewise, former Finance Minister and UML Vice Chairman Bishnu Prasad Poudel claimed that economy won’t improve until country’s political situation was stable.
Poudel was of the view that country’s economy will come on track with the change in the political course and formation of the new government.
He stated that there will not be reform in economy until economic growth rate and added that investment should be upped to increase economic growth rate.
Similarly, Member of National Planning Commission Dr Ram Kumar Phuyal shared that the upcoming annual budget will be achievable and will align with the 16th periodic plan.
Deputy Governor of Nepal Rastra Bank Dr Nilam Dhungana stated that indicators of the economy have been positive and the inflation in the current fiscal year’s first eight months is 4.82 per cent against the government target to maintain it 6.5 per cent.
Remittance inflow, foreign exchange reserve and foreign direct investment have increased and the interest rate of the bank and financial institutions has sharply decreased, she said.
Also speaking at the event, Finance Minister Barsha Man Pun’s chief economic advisor Prof Dr Surya Bahadur Thapa said that the government was preparing to make the pro-people budget. Making the economy dynamic will be the objective of the new budget, he added.
Likewise, former Vice Chairman of National Planning Commission Deependra Bahadur Kshetri argued that the nihilistic sentiment on the country’s economy was unfortunate.
Kshetri said enabling environment should be created to use the skills and capital gained by Nepali youths in the foreign countries within the country.
On the conference, former chief secretary and ambassador Leela Mani Paudyal stressed development of self-reliant and prosperous economy. #nepal #budget
