BIRGUNJ: Finance Minister Dr. Prakash Sharan Mahat has said the government has been carrying out activities increasing capital expenditure to make the economy further dynamic.
At a press meet organized by Nepal Press Union, Parsa, at Birgunj today, Minister Mahat mentioned that the economic growth rate was low due to poor capital expenditure in the past.
Stating that the problems seen in the economy are being resolved gradually, he claimed that there is an improvement in foreign exchange reserves in the recent period.
The Finance Minister further said the government was effortful to resolve the problems seen in the flow of loans due to high-interest rates. Saying misuse, mistake, and negligence of employees of the bodies collecting revenue would not be acceptable, he added that the Ministry has already directed all to pay attention to maintaining transparency and revenue growth.
The main objective of the incumbent government is to maintain good governance, ensure effectiveness in service delivery, and accelerate development construction, stressed Minister Mahat.
He viewed that the government has been carrying out a feasibility study regarding bringing the ruined industries including Birgunj Sugar Mill into operation again, adding the Finance Ministry has already provided a Rs 10 million budget for the time being to the National Innovation Centre in order to bring Birgunj-based Agricultural Tools Factory into operation again by carrying out repair and maintenance of agricultural tools.
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