FinMin Khatiwada says govt can’t afford relief package to business sector « Khabarhub
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FinMin Khatiwada says govt can’t afford relief package to business sector

If you need relief, pay more tax: FM says to private sector


07 May 2020  

Time taken to read : 2 Minute


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KATHMANDU: The lockdown imposed to stem the spread of coronavirus pandemic has adversely impacted to the economy.  Business and industry sector is almost ripped off. Development work is halted and millions of people are put off their work. The abrupt shut down of the business has almost shattered the business sector.

The new budget is under preparation and everyone is eying at the words of ‘scholar’ Finance Minister expecting a relief package that can help the paralyzing business sector survive if not come back to normalcy. However, the words of Finance Minister Yuba Raj Khatiwada have further hit hard the suffering business sector.

Speaking to Gorkhapatra, FM Khatiwada has said that the government which is in loss of billions of rupees is not in the situation of offering relief package to the entrepreneurs.

Citing that the pandemic is not induced by government, Minister Khatiwada said that the government alone cannot bear the loss alone. He even hinted that private sector should contribute more revenue and tax if they seek relief.

Enterpreneurs who, regarding the government as their guardian had been expecting it to act that forth  are completely shattered at the Minsiter’s remarks.

FM Khatiwada reiterated the government needs more support and collaboration from private sector but ignored the plea for help and rather asked the private sector to settle the issues by themselves.

“Banks are of entrepreneurs, debtors are the entrepreneurs,” Khatiwada said, “private sector should not ask government to facilitate the things that they can handle themselves collaborating with each other.”

Publish Date : 07 May 2020 21:03 PM

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