Tuesday Oct 4, 2022
Tuesday Oct 4, 2022

Finance Minister Sharma issues Fact Paper on economic condition


Nepalnews
2021 Aug 10, 16:55, Kathmandu
Newly appointed Finance Minister Janardan Sharma has assumed office today.

Minister for Finance Janardan Sharma has said that the 10 million COVID-19 vaccines were managed.

While issuing a fact paper on the current status of the national economy in the House of Representatives here today, Minister Sharma said managing vaccines was an utmost priority of the government.

He also shared that he had released five billion rupees to procure the vaccines on the very first day he assumed the portfolio.

On another note, Minister Sharma said that the government would move ahead on the journey to socialism following the constitutional guidelines to this effect.

He said they were working to make the government responsible to the people and the nation. Finance Minister Sharma said that the government was prioritized to develop the capital in the country.

Minister Sharma also committed to control the price hike, increase capital expenditure and accelerate the fiscal activities in the country.

He pointed out that the Ministry was facing difficulties as developmental efforts were found to start without proper management of the fund.

Finance Minister Sharma pointed out the need for mobilising remittance in developmental and productive sectors. Minister He also stressed improving the management of the public corporations as they were found bearing loss.

The Minister shared that 18.7 per cent population in the country was under the poverty line and it was worsening due to the COVID-19 pandemic effect; therefore policy level reforms were needed to tackle it.

He said weaknesses in the implementation process of some national pride projects were failing to give better results.

The upper Tamakoshi and Melamchi Drinking Water Project were the instances of it, Sharma said.

Finance Minister Janardhan Sharma COVID-19 vaccines Fact Paper House of Representatives Remittance COVID Pandemic Upper Tamakoshi Melamchi Drinking Water Project
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