Upcoming Fiscal Year to Focus on Economic Reforms: Nepal Finance Minister Pun
Finance Minister Barshaman Pun has declared that the upcoming fiscal year will focus on economic reform. During the budget presentation at the joint session of the House of Representatives and the National Assembly, he noted that continuous government efforts have revitalized the economic sector. Emphasizing the need for new economic reforms to build a prosperous, socialism-oriented nation, Pun stated that the budget targets these reforms. Amendments to eight laws aim to create an investment-friendly environment. Recent Cabinet ordinances intend to attract investment by reducing bureaucratic hurdles.
Presenting the budget at a joint session of the House of Representatives and the National Assembly, Pun highlighted the government's efforts to invigorate the economic sector. Emphasizing the need for reforms to build a prosperous, socialism-oriented nation, he mentioned the amendment of eight laws to foster an investment-friendly environment. These changes, initiated before an investment summit in Kathmandu, aim to reduce bureaucratic hurdles and attract investments.