Economy has not spiraled out of control: Paudel

Kathmandu, Dec. 28

Finance Minister Bishnu Prasad Paudel has said that the economy has not spiraled out of control although there are some challenges. In a meeting with the newly elected working committee of Nepal Association of Financial Journalists (NAFIJ) on Wednesday at his office in Singhadurbar, FM Paudel pledged to put his efforts to take the economy back on the path of sustainable growth.

Minister Poudel told the journalists to make critical comments if he fails to deliver and promote good practices. Stating that there has been some mishandling of the economy but it has not derailed from the track, he maintained that joint efforts of all and cautious moves from the government would soon improve the economic scenario.

Minister Paudel said that since everyone's common concern was to bring the economy on the right track, the problems in the economy should be properly identified and solved appropriately. He said that for the construction of a strong economy, everyone needs to add one brick at a time, so the creative role of all parties is necessary for that. He also urged all sectors to cooperate with the government and add bricks one by one to bring the economy which is on the verge of crisis to the path of improvement and towards prosperity.

Finance Minister Paudel said that the cooperation and coordination of financial journalists in his previous term had helped in the development and improvement of the economy and promised to promote cooperation in the future as well.

During the meeting, chairman of NAFIJ Modnath Dhakal wished the newly appointed finance minister a successful tenure and presented suggestions for improving the economy. Similarly, he suggested developing a mechanism so that the journalists could get timely information from it. He also suggested for the maximum utilisation of technology to provide information and statistics to the journalists and public.

Dhakal urged the MoF to work on developing the capacity of economic journalists in the coming days and pledged the support of NAFIJ in coordinating with the concerned organisations for the same. 

Published in The Rising Nepal daily on 29 December 2022.