Stories Tagged 'Yubaraj khatiwada '
Finance Minister Yubaraj Khatiwada on Friday said the government gives top priority to private sector and the government has plans to simplify taxation.
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The Finance Ministry has ruled out the possibility of introducing a supplementary budget immediately for the current fiscal year as hinted by Nepal Communist Party (NCP) Co-chairman Pushpa Kamal Dahal.
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In the face of mounting public criticism of the tax system, the Ministry of Finance said on Friday that the current system was more just as it did not impose excess burden on the general public.
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A meeting of the National Assembly (NA) on Monday endorsed the Appropriation Bill, 2075 with a majority.
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Finance Minister Yubaraj Khatiwada on Friday said the government was mulling to devise policies to bring stability in the country’s secondary market which would help promote capital formation.
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As Finance Minister Yubaraj Khatiwada prepares to unveil the budget for the next fiscal year on Tuesday, he faces an uphill task of oiling the state machinery with the federal government reeling under financial stress, mainly due to growing budget deficit and depleting foreign reserves.
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