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Finance Minister Barshman Pun has said that the budget will not be brought as the investment of the private sector will be at risk. He said that the government is preparing to bring taxes and other policies to encourage the private sector. He is also committed not to change the tax policy based on Hachuva.
We do not change the tax rate arbitrarily just because we feel like it. No matter whether it is a party or close to the government or a close businessman, the tax is not manipulated for his own interests, it is done with a reason,' said Finance Minister Pun in the second session 'Pre-Budget Statement' under the 'Kantipur Economic Summit-2024' organized by Kantipur Media Group. , 'We have operated an accountable state system. The Ministry of Finance cannot be run in an irresponsible manner. There should not be an environment where investment sinks for years when two lines are written in the budget at the whim of a finance minister. If that is done, it is a kind of crime.'
He stated that he has already stated on many platforms that he will not change the tax rates voluntarily. "We are preparing the budget, we are also preparing the book," Finance Minister Pun said He said that entrepreneurs with competitive ability will be protected. He said that it will create an investment environment for entrepreneurs who want to make new investments. He claims that the government is calling on big investors through the investment conference and that the government will not fail to promote the private sector.
'Even if we look at the past example, we are not allocating the budget responsibly. The budget also came without implementation and priority areas were not separated, we have realized this issue ourselves," he said. Finance Minister Pun says that the budget three years ago was 17 trillion 72 billion, but now they are preparing to bring it below 17 trillion.
'Why did we make such a big budget three years ago?', he said, 'we are carrying the responsibility of 6 trillion when the budget was allocated two years ago.'' . He said that some old non-essential projects will be cut and priority will be determined in the projects.
Finance Minister Pun says that we should move forward by correcting the shortcomings of the past and critically look at the overall situation of the country. "It is not a situation where everything is bad, everything is ruined, everything is hopeless," he said. Finance Minister Pun says that there are weaknesses in political parties and leaders, so they should be ruthlessly reviewed.
'We could not work according to the expectations we raised,' he said, 'even in the midst of economic relaxation, some good work has been done in the fields of hospitality and hydro power.' Finance Minister Pun claims that we have the data of economic growth.
Finance Minister Pun accepted that capital expenditure could not be increased in the construction sector. "The capital expenditure in the construction related industry is weak, there is a negative growth rate, so the government could not spend the capital expenditure on time, as much as it should have been spent," Finance Minister Pun said. He also said that the funds of the federal government are short of 1 trillion 61 billion rupees. Finance Minister Pun also says that there is a problem because the construction sector is not operational.
