Finance Minister Barshaman Pun has outlined the government’s commitment to introducing a balanced budget for the upcoming fiscal year, emphasizing a prudent approach to fiscal management amidst evolving economic challenges.
Speaking at a meeting of the Finance Committee under the House of Representatives held at Singha Durbar, Minister Pun conveyed confidence in maintaining fiscal equilibrium within the available resources and constraints. He underscored the importance of prioritizing key sectors to stimulate economic growth and enhance financial sustainability.
Minister Pun outlined several focal points that would receive special attention in the forthcoming budget. These include initiatives aimed at modernizing agriculture, fostering marketization, enhancing the efficiency of human resources management within the inland revenue system, and promoting transparency in customs operations.
Of particular significance is the government’s commitment to prioritizing the modernization of agriculture and the commercialization of the sector, with a strategic emphasis on leveraging human resources and technological advancements. This aligns with broader efforts to enhance agricultural productivity and promote sustainable economic development.
Furthermore, Minister Pun unveiled ambitious plans to bolster Nepal’s software industry, aiming to export software worth Rs 500 billion over the next five years. This initiative reflects the government’s determination to harness Nepal’s technological potential and capitalize on emerging opportunities in the global software market.
As the government prepares to unveil its budgetary priorities for the upcoming fiscal year, Minister Pun’s announcements signal a concerted effort to address critical economic issues, foster innovation, and drive sustainable growth. With a focus on prudent fiscal management and strategic investment in key sectors, Nepal aims to navigate the evolving economic landscape and propel its development agenda forward.