Money
Five priorities of the new budget
Government has prioritised productivity, investment, and public service delivery to foster inclusive growth and stability, says Finance Minister.
Post Report
The government has outlined five key strategies and priorities for the upcoming fiscal year's budget, alongside five strategies for economic reforms.
Finance Minister Barsha Man Pun said increasing production, productivity, and employment; increasing investment and growth and accelerating economic activities by boosting the morale of the private sector; human resource development; alleviating economic disparities and poverty through the balanced and just mobilisation of resources; and increasing the effectiveness of the public service delivery have been presented as the five objectives of the budget for the new fiscal year.
Similarly, economic reforms and promotion of the private sector; building industrial infrastructure in agriculture, energy information technology sectors; promotion of social sectors such as education and health; promotion of inclusion and social security; and improvement in good governance and service delivery are declared as the five priorities of the government for the upcoming fiscal year.
The five strategies for economic reforms are structural reforms; improvement in the business environment; reforms in the public finance system; financial sector reforms; and reforms in public administration.