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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