Budget will make economy dynamic: Finance Minister Mahat

GANDAKI: Finance Minister Prakash Sharan Mahat has said the budget brought by the government will make national economy dynamic. At a press conference organised by Nepal Press Union, Kaski in Pokhara on Saturday, Finance Minister Mahat mentioned that the budget has been brought to make the economy dynamic by keeping the nation and people at the centre. The government has made arrangements for the registration of industries free of cost to operate industries and open initial industries even with a capital of Rs 100, he shared.  The Finance Minister further shared the arrangement of 50% discount in tax to encourage the IT sector. Stating that the budget could not be allocated as desired in every place due to the limitation of capital expenditure, he opined that the goals of the budget are popular and it will give popular results. Secretaries of the Ministry as well as Chief Secretary were directed to end the trend of not implementing the budget on time. They were urged to make working procedures and award contracts on time, said the Finance Minister. Also the Spokesperson of the Nepali Congress, Mahat said NC is always in favour of encouraging private sector as the private sector is the driver of economic growth. On a different note, Mahat said change in the incumbent ruling alliance was only a rumour. He all not to run after the rumour. The incumbent alliance will move ahead by maintaining good governance, achieving economic growth and making the economy dynamic, he said. By RSS