KATHMANDU, MAY 12
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has stated that the government is actively working to resolve the issues faced by the private sector.
Speaking at a programme organized to receive suggestions from the Nepal Chamber of Commerce (NCC) for the formulation of revenue policies, economic legislation, and the budget for fiscal year 2025/26, Finance Minister Paudel emphasized the government's continued efforts to address private sector concerns, recognizing its crucial role in the national economy.
"Since the formation of the current government, we have undertaken significant reforms, including legal amendments, to tackle longstanding challenges faced by the private sector. We are making necessary decisions to implement those reforms. The government is committed to following the recommendations of the High-Level Economic Reforms Suggestion Commission," said Paudel.
He added that the government has taken a series of initiatives to boost national income and is fully committed to resolving existing economic challenges. "We aim to formulate a results-oriented budget for the upcoming fiscal year. The government is committed to restoring the private sector's confidence and trust, acknowledging its vital contribution to the economy," he noted.
Finance Minister Paudel also expressed his willingness to incorporate NCC's recommendations based on necessity.
Speaking at the event, NCC President Kamlesh Kumar Agrawal highlighted the private sector's high expectations from the government. "The government's annual policies and programmes will help drive greater economic dynamism in the coming days," he said, adding that the High-Level Commission's report, which includes input from the private sector, offers valuable guidance. "Its implementation will send a positive signal to the economy."
The NCC called for a development-focused budget, prioritizing sectors such as agriculture, tourism, and energy, along with job creation and a conducive environment for commercial and industrial investment.
The chamber submitted 100 policy recommendations, covering areas such as VAT, income tax, revenue investigation, money laundering, and customs reform.
