Budget made adhering to fundamental values: Finance Minister

Kathmandu, May 31: Deputy Prime Minister and Finance Minister Bishnu Paudel informed that budget for the fiscal year, 2025/026 was brought by adhering to the basic principles, values and limitation.     

Minister Paudel said it during a post-budget discussion organized by Nepal Economic Journalist's Association in the federal capital today. The revenue estimates and targets were set being realistic and with rigorous homework. The estimates of resources were also paid heed. "Effective enforcement of budget helps achieve economic growth," he reminded.     

On the occasion, former Finance Minister Janardan Sharma, however, criticized that the budget brought as continuation of the past schemes could not ensure economic reform and change citizen's life.     

Vice Chairman of the National Planning Commission, Dr Shivraj Adhikari, believed the enforcement of budget would internalize the suggestions made by the major opposition and private sectors.     

FNCCI President Chandra Dhakal lauded the budget for it incorporated the suggested given by business entities.     

President of Nepal Chamber of Commerce, Kamlesh Kumar Agrawal, appreciated the budget brought in the difficult situation, saying it was development-oriented and ambitious, keeping the IT and technology in mind.     

Former President of the Confederation of Nepalese Industries, Bishnu Agrawal, mentioned that the budget was brought in a way that creates investment friendly environment and boosts the confidence of private sector while President of Federation of Contractors' Association of Nepal, Rabi Singh, opined that the budget had incorporated all sectors in overall.     

President of NADA Automobiles Association of Nepal, Karan Chaudhary, stated that a positive budget was brought as it aimed at highlighting the country's economy.     

President of Independent Power Producers' Association Nepal, (IPPAN), Ganesh Karki, commented that the budget brought to construct reservoir -based project is private sector-friendly.     

Executive Director of Nepal Rastra Bank, Guru Prasad Poudel, said the budget had stressed the need of using technology to boost country's economy.(RSS)