The major political parties are unanimous that the economy should be reformed by creating a favorable environment for the private sector. Since the private sector's contribution to economic development is important, they emphasize that for economic prosperity, we should proceed hand in hand from creating an investment-friendly environment to building development. They pointed out that the lack of economic development in the country is due to political instability, extreme corruption, and bad governance.

Major leaders of the seven parties represented in the Federal Parliament also made a collective commitment to improve the state of the economy. While the government is preparing to announce the new annual budget, the leaders of the ruling and opposition political parties have made the same commitment to improve economic matters in the 'Kantipur Economic Summit-2024' organized by Kantipur Media Group on Sunday. 

CPN-UML General Secretary Shankar Pokharel said that there should be unity among political parties to change the current situation. Even now, some political party leaders are trying to get public opinion by raising questions about the system, but that is not the only solution to the existing problem, he said. He stated that development is not possible on the foundation of social anarchy. "In order to make Nepal economically strong, the economic system should be changed and the managerial capacity should be strengthened," he said. 

'Nepal is dependent on imported market system. The involvement of a large population in subsistence-oriented and subsistence-oriented production is also a development challenge,' says Secretary General Pokharel. He said that even after the political change, there is a need for structural reforms for economic development. "The migration of young manpower abroad and the influence of Lahure culture are also obstacles to development," he said. "The recent economic crisis has reduced the morale of entrepreneurs and businessmen." He said that monetary crisis has arisen due to encouragement of illegality and smuggling. He claims that the work of creating adversity in the formal economy has happened in recent times, it has helped in increasing the economic crisis.

Despite saying that the economy is in trouble, nobody is ready to take charge of it, says Congress General Minister Gagan Thapa. "We are talking about the foreign exchange reserves, but consumption in the market has decreased a lot. Currently, no sector of the economy is saying that the situation is fine. The situation has worsened, the hope that it will improve tomorrow is also diminishing, he said, "The state has become like a beggar in some respects and a predator in others." The private sector has lost confidence. Therefore, other sectors will not improve until confidence is built.

He says that the private sector has asked the Parliament to amend about three dozen policies and they should make it easier. "We don't have enough resources to develop without foreign investment," said General Minister Thapa, "Investors must be attracted to bring in investment from abroad." Tax exemptions or incentives should be considered.' 

Pampha Bhusal, vice president of CPN-Maoist Center, emphasized on the need to increase the production and productivity of agriculture and increase the contribution to income, employment and economy by investing in competitive sectors. He said that policy reforms and necessary incentives should be given to protect and promote the private sector for economic transformation. She said that strengthening of financial bases, increasing capital expenditure capacity and investment should be ensured. The development of entrepreneurship and the base of internal production should be strengthened. Self-sufficiency in consumer goods and service delivery should be made agile and well-governed,' she said, 'structural reforms of the economy and creating an investment environment should be done with new thinking and the latest solutions.' 

She also said that there is a need to spend the collected capital on production and poverty alleviation while solving the problems seen in the cooperative sector. According to Vice President Bhusal, political stability is essential for economic development, so there is a need to change the existing government structure and electoral system.

Santosh Pariyar, the chief whip of the Rashtriya Swatantra Party, said that even though there are many things with Nepal, it has not been completed financially. He says that even though they are endowed with natural resources, economic progress has not been achieved because they cannot be transformed into economic change. 

'Nepal has a lot of things, but Nepali life has not been completed economically. There are few countries that are rich in natural resources," he said. "The environment is even more wonderful. Despite this, we have not been able to be financially as successful as we should be. He also suggested the Minister of Finance to make the estimate of income and expenditure of the upcoming budget realistic, reliable and able to convey a message of reform. 

President of Rashtriya Prajatantra Party Rajendra Lingden stressed that the policy and system should be reformed to improve Nepal's economy. "We had to change our policy. We also have to improve the system of maintaining so many people's representatives, this system is a factor in the economic damadol," he said. "In a small country like Nepal, there are more than 36 thousand people's representatives. Lingden says that the political system and the policies adopted by the state are responsible for the economic weakness of the country. He said that the lack of coordination between the double tax system and the state agencies is also a factor in the economy not being able to rise. 

People in political leadership are accused of making laws to protect themselves. "When we make laws, we make laws by keeping ourselves at the center, how commissions can be taken easily, how money can be taken without being caught by the authorities, and how money can be taken without evidence. We have made the businessmen corrupt when blaming, but we have made the businessmen corrupt,' he says, 'I have found that the private sector has come to the conclusion that the country will not be built and the economy will not grow without commitment from the leaders of the political parties.' 

The development of Nepal should be done by the Nepalese themselves, said Ghanshyam Bhusal, General Secretary of the United Socialist Party of Nepal. He said that if we don't make a development plan based on the actual situation of Nepal, the country will remain the same. "If we do not take care of our means, resources, history, culture, population and what can be done within our geopolitics, our development will continue to be the same," said Bhusal, "If the state does not protect the private sector, it will be difficult to achieve prosperity." Today, it is the responsibility of the state to make the private sector a private sector.' 

Bhusal, who is also the former agriculture minister, said that giving grants based on acquaintance should be stopped immediately. According to him, tractors are also given to those who have 4 paddy fields on the basis of acquaintance. "There are four paddy fields, a tractor was given because he became a relative of the minister, he got it," he said, "then the minister's relative goes to the river with a tractor to carry gravel, the government subsidy goes towards that."