'Time to broaden tax base to meet revenue target'

Kathmandu, Aug 16: Executive Director of the Nepal Administrative Staff College (NASC) and Former Secretary at Finance Ministry, Ram Sharan Pudasaini, said time has come to broaden tax base without placing undue burden on existing taxpayers.     

"Strengthening institutional capacity for effective compliance and enforcement is equally imperative at sub-national governments," he stressed.     

Executive Director Pudasaini said it while speaking at the Friday Management Talk Programme (FMTP) on 'Enhancing Revenue Collection and Mobilization: Prospects, Challenges, and Way Forward'. The event was organized by the Management Association of Nepal in Kathmandu on Friday.     

According to him, revenue mobilization strategies need to be aligned with national development priorities and sustainable growth.     

The event was coordinated by Secretary General of MAN and Coordinator of FMTP, Indra Kumar Shrestha.     

The FMTP was attended by policymakers, economists, academicians, researchers, private sector representatives and media.     

Shrestha informed RSS that the FMTP was forwarded in a way to create a dynamic forum for exchanging ideas and best practices in public finance management. It is also expected to function as a platform for dialogue, capacity building, and policy insights to support the nation’s socio-economic development, Shrestha added.     

He further viewed as the country has been practicing federalism with three-tiers of government in place, public finance management counts much.(RSS)