Kathmandu, May 20
Nepal Chamber of
Commerce (NCC) has emphasized that the policies and programmes for the Fiscal
Year 2023/24 that have been made public on Friday should be implemented fully
in order to find a way out from the economic slowdown.
The NCC also
expressed its belief that the policies and programmes would be result-oriented.
Through a statement released on Saturday, the chamber has drawn the attention
of the government to address the issues included in the policies and programmes
through the upcoming budget of the next fiscal year 2023/24.
"The current
economic recession and contraction seen in investment have not been
sufficiently included and addressed in the policies and programmes. Upcoming
budget should be designed in a way that it would pave the way for economic
stability," read a statement issued by the NCC.
Rajendra Malla, President
of the NCC, said that the policies and programmes have partially addressed the
demands of the private sector. It is necessary to fully implement the announced
policies and programmes in order to make production-oriented programmes,
industrial development and public-private partnership concepts effective, he
said.
The chamber has also
drawn the government's attention to the problem that ambitious plans are
announced in the policies and programmes, but implementation is ineffective. The
chamber is of the opinion that due to the limited resources and means,
implementation of announced programmes is doubtful.
Published in The Rising Nepal daily on 21 May 2023.
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