'I will pay attention to appropriate allocation of budget, increasing expenditure capacity'

Special Economic Advisor to Prime Minister KP Sharma Oli, Motilal Dugad, has said that economic activities would be made dynamic by making financial institutions effective.

Assuming office in Singha Durbar today, Dugad said that he would recommend the Prime Minister for economic prosperity by coordinating and holding discussions with different ministries and organisations.

The Special Economic Advisor further said that he would take suggestion and advice from all with a purpose to increase investment, reduce trade deficit and facing existing economic challenges in the country.

Talking to Rastriya Samachar Samiti, Dugad opined, "My emphasis will be for appropriate allocation of budget as well as not to let budget freeze by increasing expenditure capacity."

Also the former Minister of State for Industry, Commerce and Supply, Dugad, was appointed to the post on Sunday. Earlier, he was a member of House of Representatives and State Minister in Oli-led government.