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Thu, June 13, 2024

Private sector encouraged with budget, opposition criticises

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KATHMANDU: The private sector has been encouraged by the budget the government announced on Sunday. The businesspersons have urged the government to effectively implement it now. President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Sekhar Golchha, said various issues have been incorporated into the budget and they are encouraging one. He observed that subsidies in export, focus on production and due address to the agriculture sector are positive sides of the budget. Similarly, President of Confederation of Nepalese Industries (CNI), Vishnu Kumar Agarwal, said promotion of manufacturing industries, review of land ceiling for industries, grant in export and discount on electricity tariff to export industries were welcomed. Likewise, President of Nepal Chamber of Commerce (NCC), Rajendra Malla, also hailed the budget and stressed that government must implement it effectively. However, the main opposition CPN (UML) Vice Chairperson and former finance minister Bishnu Prasad Poudel commented that the budget was focused more on election spending, continuation of ongoing projects and daily administration. Poudel blamed that the electoral government failed to understand the current priorities and even brought the projects of long-term importance. Similarly, UML leader and former finance minister Surendra Pandey viewed there was no balance between government policies and programmes, and budget. "The implementation of this budget is impossible," he added. READ ALSO:
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MAY 2024

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