Finance Minister Wagle has expressed his commitment to transparency and reform, noting that the country has fallen into chaos in the past when some individuals took over political and economic institutions.
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Finance Minister Swarnim Wagle has said that in the past, a situation was created when some people captured economic institutions along with political institutions, which led to the country going into chaos . In the Finance Committee meeting held on Tuesday, he also said that the intervention of the Gen-G movement should be thanked for preventing the country from reaching that situation .
'We will make the stock market, capital market professional, and work in a way that follows the standards of world-class capital markets,' he said . He also said that the reality that some people have been captured in the past should be accepted .
'Some people have influenced politics by misappropriating 15 billion/16 billion rupees of people's money, amassing immense wealth through market manipulation, insider trading, and keeping some influential people in their pockets, they captured the country's political institutions . They also captured economic institutions .'
'The Prime Minister has said that we should focus on good governance and start development from the second year,' he added. 'Once the system and procedures are in place, the rest of the work will be done automatically.'
Even if it is done blindly, it is an obligatory obligation to spend Rs 1330 billion, he said, adding that there will be a budget if 1-200 billion is added to it. Finance Minister Wagle said that the government has already announced liberal policies regarding the stock market and capital market through the policy and program for the coming fiscal year, and will further shape the budget.
