What do industrialists say about the budget?

' If implemented, the goal of economic growth is possible '

Chandra Dhakal, President, Federation of Nepal Chamber of Commerce and Industry

The federation demanded a high-level commission for solving the existing economic problems and for a new stage of reform. Accordingly, reform year has been announced along with the new phase of budget reforms and the creation of a commission. It is said that investment companies will be opened from small savings and companies that invest in various sectors will be promoted. In agriculture, the subject of contract farming and fruit cultivation in the hills has come up.

matrimonial tourism, conference-related MICE tourism, developing hill stations have come up. Some concessions and expansion plans in information technology and startups have been included in the budget. The promotion of the private sector, which has always been a demand of the Federation, has been prioritized. If its implementation is done well, it is possible to achieve the goal of economic growth of 6 percent.

' Budget is realistic '

Kamlesh Kumar Agarwal, President, Nepal Chamber of Commerce

The government lacks resources. Attempts have been made to take internal loans to meet it. Replenishment of resources by borrowing does not have a positive effect on the economy. For the private sector, revenue targets are of great concern, which are set realistically. Many of our suggestions are included in the budget. So that the budget is realistic.

' The budget for the auto sector did not come as expected '

Karan Choudhary, Chairman, NADA

Import tax on electric vehicles has been increased. Tax on spare parts is not fully checked whether/not it has been changed. Import duty on lubricants has also been increased. Overall, we did not come in the budget according to the suggestion given to the Minister of Finance before making the budget. Very few suggestions are included in the budget. To drive the auto sector or not? Now the last opportunity is the monetary policy issued by Nepal Rastra Bank.

' Budget is balanced '

Rajesh Kumar Agarwal, President, Confederation of Nepal Industry

As it is heard in the market, a very big and distribution-oriented budget did not come. Have a balanced budget. As the revenue target is also balanced, it seems that there will be no pressure on the private sector. Declaring a year of economic reform is positive. It was necessary to create a commission for the second phase of economic reform. The budget has addressed the issues we have been pointing out.

' problem is in execution ’

Kalpana Khanal, Economist

The government has brought a budget higher than the achieved ceiling. Sources from revenue are not guaranteed. Some good programs have also come up. The budget has come in the fields of promoting agriculture, information technology and tourism. Already the problem is not the budget, but the implementation. There is a need to focus on budget implementation.

' doubt on execution '

Anupam Rathi, President, Morang Udyog Trade Association

Although the overall budget is good, there are doubts about the implementation side. Focusing the budget on agriculture, tourism, manufacturing sector, service technology and power generation is a good point. Declaring the Decade of Agriculture, the goal of increasing investment is good, but the implementation of the budget depends on the meaning of the budget. There is not a single exhibition center and industrial village in the entire Koshi state, but the announcement of the budget to make the state an industrial city is itself ridiculous.