Finance Minister Admits Flaws in Budget System

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Finance Minister Admits Flaws in Budget System

Finance Minister Janardan Sharma felicitates Editorial Director of New Business Age Keshav Gautam during a programme on Wednesday.

November 25: Finance Minister Janardan Sharma has stated that the budget and the budget system of the country are in a problematic state.

Speaking at a programme organized by Nepal Association of Financial Journalists (NAFIJ) in the capital on Wednesday (November 24), Finance Minister Sharma admitted that the government has not been able to provide concession sought by the private sector as the country’s budget and budget system are in problematic state due to the Covid-19 pandemic.

Finance Minister Sharma added that the government is ready to work together with the private sectors for the economic recovery.

During the occasion, Chairperson of Nepal Chamber of Commerce Rajendra Malla pointed out the need to study the financial sector and promote productivity.

Similarly, Acting President of the Confederation of Nepalese Industries (CNI) Krishna Prasad Adhikari said that the government has not been able to work as effectively as the private sector and urged the government to work in partnership with the private sector.

Chief of Central Department of Economics at TU, Prof Dr Shivaraj Adhikari, said that the media should play the role of a watchdog.

Also speaking on the occasion, FNCCI Chairperson Shekhar Golchha said that the economic sector of the country has been facing challenge mainly due to the Covid-19 pandemic.

On the occasion, Nepal Rastra Bank’s Governor Mahaprasad Adhikari said that the financial sector has been gradually recovering.

Gautam Felicitated

During the programme, the organisers felicitated Editorial Director of New Business Age Keshav Gautam for his long-standing contribution to the field of journalism. Finance Minister Janardan Sharma felicitated Gautam on behalf of the organisers. Gautam was felicitated for his contribution to financial journalism for more than two decades. During the occasion, Gautam stressed on the need for investigative reporting.

 

    
 

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