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Finance Minister Paudel views stock market as mirror of economy

Vows to form committee to explore new public finance options


15 July 2024  

Time taken to read : 2 Minute


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KATHMANDU: Newly appointed Deputy Prime Minister and Finance Minister Bishnu Poudel has expressed his view of the stock market as a reflection of the economy, emphasizing a balanced approach to its growth.

On Monday, while assuming his duties at Singha Durbar, Poudel shared his perspective on the stock market’s importance.

Amidst speculation about his appointment, the stock market has been rising in recent days.

Poudel reaffirmed his commitment to viewing the stock market as an economic indicator and progressing accordingly.

He assured that the implementation of government programs would not be hindered by budget constraints.

Poudel also emphasized the government’s intention to boost the confidence of the private sector through its initiatives.

In his first decision as Finance Minister, Poudel formed a committee to explore new options for public (development) finance.

“The economy and public finance are facing challenges that need to be addressed through collaboration,” Poudel stated, adding, “The government will act as a guardian to solve these economic issues. That’s why my first decision was to sign the formation of a study committee to explore new development and finance options.”

This marks Poudel’s eighth tenure as a minister and his fifth term as Finance Minister.

Publish Date : 15 July 2024 15:12 PM

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