Govt has been working to create investment-friendly environment: Finance Minister

KATHMANDU: Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel has asserted that the government has been working to create a favourable environment for investment.

Inaugurating the 47th annual general meeting (AGM) of the Trekking Agencies’ Association of Nepal (TAAN) in Kathmandu today, Deputy Prime Minister Paudel opined that activities to boost the confidence of the private sector and create an investment-friendly environment in the country were underway.

He shared that the government is committed to promoting tourism and enhancing the national economy, adding that there is positive change in all indicators of the economy, which were negative when the UML-led government was formed.

The Finance Minister asserted that the government is not in a situation to grant VAT exemption, stating, “It has been difficult to sustain general expenses from revenue. Bring plans and programmes for business promotion rather than VAT exemption. The government is ready to facilitate.”

Mentioning that the government has moved ahead on the path of economic stability by ensuring political stability, Minister Paudel argued, “The incumbent government is strong and stable. It will continue till the 2084 BS elections, which will give policy-level stability. We have also paid attention to the implementation of policies and programmes, and the budget brought by the incumbent government.”

Similarly, TAAN President Sagar Pandey underlined that the government should pay attention to policy-level reform and infrastructure development to create an environment conducive to entrepreneurs.

On the occasion, various organisations and media persons were honoured for their contribution to mountain tourism development.

By RSS