KATHMANDU: Finance Minister Barshaman Pun, in an address to the joint session of the Federal Parliament on Tuesday, delineated the core objectives, priorities, strategies, and transformative initiatives of the forthcoming fiscal year 2024/25 budget.
“I seek the honor to present the five-fold objectives, priorities, economic reform strategies, and transformative sectoral programs to chart a clear path for our nation’s future,” Finance Minister Pun stated.
The five key objectives include:
Amplify production, productivity, and employment opportunities.
Foster private sector confidence, stimulate investments, and catalyze economic growth.
Cultivate human resources for sustainable development.
Mitigate economic disparities and poverty through equitable resource allocation.
Enhance efficiency in public service delivery.
Five Strategic Priorities:
Spearhead economic reforms and bolster private sector advancement.
Prioritize agriculture, energy, information technology, tourism, industrial growth, and infrastructure development.
Strengthen the social fabric with focused investments in education and healthcare.
Ensure inclusivity and social welfare through robust social security measures.
Elevate governance standards and refine public service delivery mechanisms.
Five Economic Reform Strategies:
Implement structural reforms for systemic enhancement.
Foster a conducive business environment to spur growth and innovation.
Revamp the public finance system for fiscal stability and transparency.
Undertake comprehensive reforms in the financial sector to bolster resilience.
Modernize public administration for efficiency and effectiveness.
Five Transformative Sectors:
Revolutionize the agricultural sector for sustainable growth.
Propel the energy sector towards self-sufficiency and innovation.
Foster advancements in information technology to drive digital transformation.
Promote tourism as a key driver of economic prosperity.
Cultivate entrepreneurship and foster industrial development for economic diversification.
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