Thursday, July 3, 2025

Govt will achieve revenue target: DPM Paudel

Kathmandu, July 2

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has said that the government would achieve revenue targets through measures such as expanding the tax net, curbing revenue leakage, adopting information technology, and enhancing the effectiveness of revenue administration.

Responding to queries raised by lawmakers in the National Assembly on Wednesday, DPM Paudel has affirmed the government’s commitment to achieving the revenue target set by the budget of the next Fiscal Year 2025/26 – Rs. 1,315 billion - against the expenditure estimates of Rs. 1,964 billion.

He clarified that the budget was prepared within a systematic framework rather than in an ad hoc or ritualistic manner.

According to him, the budget is evidence-based and will be implemented upon parliamentary approval.

DPM Paudel assured that the government remains vigilant to ensure the scope of public debt does not become unlimited, while focus would be maintained on productive and capital expenditure.

Stressing the importance of financial discipline, he noted the need for Nepal to be removed from the grey list and to intensify efforts against money laundering.

"Regarding taxation, the threshold on luxury tax has been removed. Discussions are ongoing about concerns raised by gold jewellery traders, expressing confidence that a shared conclusion would be reached through dialogue," he said.

The DPM maintained that the budget reflected the spirit of democracy and republicanism and incorporates feedback provided by parliamentarians during the budget formulation process.

Published in The Rising Nepal daily on 3 July 2025.   

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