Arrangement beings made for effective implementation of budget: FM Khatiwada

Tue, Jun 30, 2020 8:25 AM on Economy, Featured,

Minister for Finance, Dr. Yubraj Khatiwada, has clarified that the government has been working seriously in preparation for necessary work procedures and action plans for the implementation of the budget of the coming fiscal year from the onset of the new fiscal.

Addressing a program organized to mark the 17th anniversary of the Confederation of Nepalese Industries (CNI) through the audio-visual medium on Monday, Minister Khatiwada shared that necessary preparation has been made for the practical implementation of the budget.

He expressed the belief that the expected result would be achieved if all do hard-work. The Finance Minister further said that the economy of the country would return to previous speed after the relaxation of lockdown and the country would achieve at least seven percent economic growth rate.

Minister Khatiwada urged the private sector to work as a business envoy in order to bring more investment as the environment for foreign investment is being created.

The government has already made the necessary decisions on electricity issue and relief has been provided to Nepal Electricity Authority as there would be losses of Rs 12 billion revenue and a rebate of around Rs 70 billion has been given to the NEA under different headings, he added.