In their opinion …
In their opinion …
Published: 09:30 am Jul 15, 2015
The private sector has said that the budget for fiscal 2015-16 that has a target of achieving economic growth of six per cent is ambitious, pointing out the weak capacity of the government to spend capital budget. The Himalayan Times spoke to some private sector leaders to get their views on the budget. Here is what they had to say: We found the budget investment-friendly because the government has not levied new taxes considering the situation after the devastating earthquake. It has encouraged the private sector to increase investment. It has announced a raft of incentives for domestic industries, which will make us self-reliant. Agriculture and tourism sectors have been prioritised in the budget. However, the budget fails to specify the role of private sector in the reconstruction drive. The reconstruction budget allocated in this fiscal is not sufficient. It is less than Rs 100 billion, whereas the government has planned to spend Rs 667 billion within five years. But the major thing is, implementation and its success will depend on how much output we can achieve.
- Pashupati Murarka, President, Federation of Nepalese Chambers of Commerce and Industry
- Narendra Kumar Basnyat, President, Confederation of Nepalese Industries
- Shekhar Golchha, Vice President, FNCCI