CHITWAN: The budget for the fiscal year 2083/84 (2026/27) made public by the government on Friday has been welcomed with a positive note by industrialists and businesspersons.
Among them, Suman Kumar Shrestha, central member of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that industrialists and traders have directly benefited as the government has adopted policies targeting the industry, including reducing customs duty and removing excise duty. Furthermore, there has been a huge relief in individual taxes.
Shrestha said that the efforts to remove excise duty on 360 types of goods and simplify the tax system for the industry are welcome. Furthermore, banking, automobile and real estate businesses will benefit from this budget, as it is likely to increase consumption and demand in the market.
He believes that promoting religious areas including Devghat and expanding Bharatpur Airport to allow night flights will have a positive impact on the tourism sector.
Likewise, President of the Bagmati Province Federation of Industries, Trilochan Kandel, said that the budget will reduce the cost of production, make some goods cheaper, and make domestic industries competitive. Industries in Chitwan will directly benefit from the reduction in customs duty on 273 industrial raw materials. “Production and exports may increase and the capital market will improve.”
Former President of the Federation of Chambers of Commerce and Industry, Rajan Gautam, said that this is the best budget so far and that it will have a positive impact on the living standards of the ordinary people.
A 40 percent subsidy given to farmers who are investing up to Rs 20 million will help increase commercialization in agriculture and improve food security. “This budget will activate the rural economy.”
Gopal Bhattarai, President of the Chitwan Chamber of Commerce, responded that the budget was optimistic and relatively positive. The budget has addressed the middle class, while industrialists and businesspersons will also benefit from it. (RSS)
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