‘New budget will be foundation for prosperity’

Biratnagar, Apr. 23:

Finance Minister Bishnu Poudel has said that the new budget will be the foundation for economic prosperity.

Addressing a pre-budget discussion organised by the Morang Traders Association and Industrialist Association Morang here on Friday, Minister Poudel said that the government will give utmost priority to economic agenda in the budget.

He said that all political parties have agreed to focus on economic agenda after the promulgation of new constitution.

“It is a challenge to bring the budget that can implement the new constitution effectively. But, we have to lay foundation for economic prosperity from the new budget. Therefore, economic prosperity is main objectives of the government,” he said.

Stating that the government is preparing the budget to unveil on May 28, he said that the budget should address the abnormal circumstances faced by the nation.

Minister Poudel urged the private sector to participate in the nation building process directly as government is ready to address their problems.

During the programme, businessmen presented their joint suggestions to the government for the development of eastern region.

They suggested the government to focus on energy crisis, infrastructure development, agriculture and tourism with priority in the budget.

Demanding the reform of revenue administration, they asked the government to simplify the income tax, value added tax, excise duty and customs duty.

They suggested the government to construct Biratnagar Ring Road and facilitate trade with China by giving priority to the Biratnagar-Kimathanga road section.

They also demanded the government to allocate required budget for upgrading Biratnagar airport.
Revenue Secretary at the Ministry of Finance Rajan Khanal said that the new budget will contribute in the economic growth.

President of Federation of Nepalese Chambers of Commerce and Industry Pashupati Murarka said that the government should treat businessmen respectfully as they are ready to participate in nation building.

 

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