The budget has started a new phase of economic reforms: Finance Minister Pun
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Finance Minister Barshman Pun has said that the government has started a new phase of economic reforms through the budget of the next financial year. In the discussion program organized by the Ministry of Finance regarding the budget for the next financial year 2081/82, he claimed that the budget has been arrived at by analyzing the actual situation of Nepal and taking the path of improvement.
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'The next year's budget has attempted a new phase of economic reform. Trying to build an economy that suits our geographic location A policy has been taken to form a high-level task force to make suggestions for the new phase of economic reforms,' said Finance Minister Pun. The budget for the next financial year mentions the establishment of a task force to suggest economic reforms. .
Finance Minister Pun says that he brought the budget with the citizens at the center. He said that the private sector and the main opposition have also responded that the budget has given rise to hope. Stating that the budget has come to instill hope among the common people, he said, 'Although there are opportunities within the country, the trend of going outside the country has increased. Instead of easily choosing the path abroad, the budget has come to instill hope in the youth by doing something within the country.'
Finance Minister Pun says that the change in the tax rate was done on the basis of necessity and justification. "Tax rates have been changed with the commitment that we will not act based on any personal request, prejudice or emotion," he said. Finance Minister Pun said that instead of spreading the priorities and objectives of the budget in many directions, the budget has adopted the policy of increasing domestic production by prioritizing sectors such as agriculture, energy, and information technology.
He said that the government has put forward an ambitious plan to export 30 trillion in the next 10 years through the budget of the next financial year and has adopted a policy to protect indigenous industries and products. Pun said that the policy of imposing two levels of customs on preparations and raw materials was adopted with the aim of giving priority to indigenous products. Pun also informed that the new subject of green tax has been placed in the Economic Act.
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