Arrangement beings made for effective implementation of budget: FM Khatiwada

KATHMANDU, June 29 :Minister for Finance, Dr Yubraj Khatiwada, has clarified that the government has been working seriously in preparation of necessary work procedure and action plan for the implementation of budget of coming fiscal year from the onset of the new fiscal.

Addressing a programme organized to mark the 17th anniversary of Confederation of Nepalese Industries (CNI) through audio visual medium on Monday, Minister Khatiwada shared that necessary preparation has been made for practical implementation of budget.

He expressed the belief that expected result would be achieved if all do hard-work. The Finance Minister further said that the economy of the country would return to previous speed after relaxation of lockdown and the country would achieve at least seven per cent economic growth rate.

Minister Khatiwada urged the private sector to work as a business envoy in order to bring more investment as environment for foreign investment is being created.

The government has already made necessary decision on electricity issue and relief has been provided to Nepal Electricity Authority as there would be losses of Rs 12 billion revenue and rebate of around Rs 70 billion has been given to the NEA under different headings, he added.RSS