Budget and budget system are in trouble: Finance Minister Sharma « Khabarhub
Wednesday, July 17th, 2024

Budget and budget system are in trouble: Finance Minister Sharma


24 November 2021  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: Finance Minister Janardan Sharma has said that Nepal’s budget and budget system are in trouble.

Speaking at a program on public-private partnership in economic rejuvenation organized by Nepalese Association of Financial Journalists (NAFIJ) in Kathmandu on Wednesday, Minister Sharma remarked that it is difficult for the revenue to cover the current expenditure.

He added that the budget system of the country has reached at difficult juncture due to the inability to manage the existing things.

“The government is continuing its efforts to facilitate the economic recovery in the post-COVID economic recovery,” the Finance Minister said, adding, “We are striving to provide the relief package sought by private sector. Though our relief is below the expectation, we are trying to complete it.”

Stating that the role of private sector in the economic development of the country is commendable, he urged the private sector to cooperate with the government in the establishment of big infrastructure.

Publish Date : 24 November 2021 15:17 PM

LMC’s revenue collection exceeds target

PATAN, LALITPUR: The Lalitpur Metropolitan City (LMC) has achieved notable

PM Oli hands over Chinnalata Award

KATHMANDU: Prime Minister KP Sharma Oli has awarded various personalities

Govt issues 73-point guideline for budget enforcement

KATHMANDU: The government has issued 73-point guidelines for the enforcement

30 injured, five seriously, in police vehicle mishap

KATHMANDU: A police vehicle accident in Biratnagar has left 30

Nepal Airlines pays Rs 430.95 million to CIT and EPF

KATHMANDU: Nepal Airlines (Nepal Airlines) has made a payment of