{"id":300175,"date":"2026-05-21T17:17:05","date_gmt":"2026-05-21T11:32:05","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=300175"},"modified":"2026-05-21T17:20:06","modified_gmt":"2026-05-21T11:35:06","slug":"here-are-the-suggestions-of-former-finance-ministers-for-the-upcoming-fiscal-years-budget-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/here-are-the-suggestions-of-former-finance-ministers-for-the-upcoming-fiscal-years-budget-2\/","title":{"rendered":"Here are the suggestions of former finance ministers for the upcoming fiscal year&#8217;s budget"},"content":{"rendered":"<p>Kathmandu. Finance Minister Dr Swarnim Wagle has sought suggestions from former finance ministers for the formulation of budget for the upcoming fiscal year. At a program organized in Kathmandu on Wednesday, Finance Minister Wagle received suggestions from 8 former finance ministers for the new budget. <\/p>\n<p>Speaking at the discussion program, Finance Minister Wagle said that the budget formulation is in the final stage. &#8220;We will continue to follow the program with your good experience,&#8221; he said, &#8220;Now I will get suggestions in the new budget coming in the new situation.&#8221; We are preparing to bring the budget to improve the living standard of ordinary Nepalis based on the foundation of good governance. \u2019<\/p>\n<p>&#8220;All of us have held the reins of the Ministry of Finance at some point in our lives. No matter how favourable or unfavourable the political situation was at that time, Wagle said, &#8220;But the objective of all was sacred and the same was to do good for the country and the people.&#8221; However, it is a matter of review how successful it was due to the circumstances. \u2019<\/p>\n<p>&#8220;We are now in a new situation. We will move ahead by following the good works done by you,&#8221; Wagle said, adding, &#8220;I have said time and again that we will follow the path shown by our forefathers.&#8221; Prosperity can be achieved only through this system and this political achievement. \u2019<\/p>\n<p><span style=\"color: #0000ff\"><strong>Here are the suggestions of former finance ministers<\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Rameshwor Khanal<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<li> Request to implement the report of the High-Level Economic Reform Task Force. <\/li>\n<li> Do not spend the budget on unprepared retail and fragmented projects. <\/li>\n<li>Don&#8217;t tax electricity on electricity. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Shankar Koirala<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<p>Let&#8217;s follow the old financial reports, including Rameshwor Khanal.TAG_OPEN_li_227 <\/li>\n<\/p>\n<li>The right people have come to the right place and at the right time. Be successful. <\/li>\n<li>Let&#8217;s open the private sector for electricity trade. <\/li>\n<li>Let&#8217;s remove the forest problem for the construction of the project. <\/li>\n<p>TAG_OPEN_li_223 Let&#8217;s try to establish new industries and industrial zones. <\/li>\n<\/p>\n<li>Let&#8217;s move forward with the hedging policy. Let&#8217;s take forward the work of Janardan Sharma. <\/li>\n<li>How practical is it to revive old industries? Think about it. The government should start a new textile industry. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Dr. Yubaraj Khatiwada<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<li> Finance ministers try to stay within the boundaries of the budget. But politics tries to hit sixes. You sit on the boundary. <\/li>\n<li> The limit for revenue growth is 10 to 12 percent. Don&#8217;t keep 15 percent. <\/li>\n<li>This year, even if it reaches 12, it will not reach 13 billion in revenue. <\/li>\n<li>The budget should be made 20.5 trillion. It will cost Rs 16 trillion and Rs 17 trillion. But don&#8217;t set too ambitious revenue targets. <\/li>\n<li>Don&#8217;t run the lower slab of income tax. <\/li>\n<li> Excise duty is being forced. Let&#8217;s reduce it. <\/li>\n<li> Don&#8217;t go to the second rate. <\/li>\n<li>Let&#8217;s stop the work done by the consumer committee on the development of the federal government. <\/li>\n<li>Let&#8217;s try to accomplish some of the goals. <\/li>\n<li>Let&#8217;s not add to the health insurance. <\/li>\n<li> Agriculture needs to be subsidized. The contribution of Madhes to the economy has decreased. It is important to pay attention to this. <\/li>\n<li> We did it arbitrarily in the national pride projects. You break this thing. Move forward from scratch. <\/li>\n<li>Let&#8217;s take institutions to an integrated development model. <\/li>\n<li>Don&#8217;t lose your footing in LDC graduation. <\/li>\n<li> Diplomatic initiative to remove the country from the grey list. It&#8217;s not enough to lock up a few people. <\/li>\n<li>Reform the financial sector. Coordinate with the Rastra Bank. <\/li>\n<li> Boost the morale of the private sector. Only then is there a possibility of 7 percent economic growth. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Dr. Prakash Chandra Lohani{<\/strong><\/span><\/p>\n<ul>\n<p>Let&#8217;s create an environment for the government and the private sector to work together.TAG_OPEN_li_203 <\/li>\n<\/p>\n<li>How will the budget address the small, medium and large industrial and private sectors? My advice is to have a policy of encouragement for all. <\/p>\n<p>Let&#8217;s have a policy to encourage those who work. <\/li>\n<\/p>\n<li> Agriculture needs to be encouraged by subsidies. <\/li>\n<li> Implement a manifesto to run a stable government, incentivize and punish employees. <\/li>\n<li> Transparency of investment in the private sector should be understood. The return on investment is not being given. <\/li>\n<li>Find the Indian market for agricultural produce. Communicate financially. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Surendra Pandey<\/strong><\/span><\/p>\n<ul>\n<li> LMBIS has become like a minister. It was like a minister in a thematic ministry. <\/li>\n<li> Too many big projects. Subtract. <\/li>\n<li>Mid-Hill Highway MP made his way home. Now let&#8217;s make a tunnel by cutting the mountain. <\/li>\n<li>Let&#8217;s make only 4-5 national pride projects. <\/li>\n<li> Nothing can be done if the land use law is not reformed. <\/li>\n<li>Let&#8217;s make land agricultural land, industrial land, housing land and business land. <\/li>\n<li>Let&#8217;s do intensive work in the field of tourism. Let&#8217;s come up with a plan to attract Indian tourists. <\/li>\n<p>TAG_OPEN_li_190 Let&#8217;s be clear about running dilapidated government industries. I don&#8217;t see the situation now that the government can run it, whether it is government or private. In this case, I don&#8217;t see all sides as good. <\/li>\n<\/p>\n<li> Government offices and employees should be prohibited from doing goods. <\/li>\n<p>Can TAG_OPEN_li_188 the number of employees be reduced by 20 percent? <\/li>\n<\/p>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Dr. Prakash Sharan Mahat <\/strong><\/span><\/p>\n<ul>\n<li> Don&#8217;t give Social Security benefits to the eaters. It&#8217;s up to you to decide. You have the opportunity, dare you. <\/li>\n<li>Dare to remove unnecessary structures. <\/li>\n<li> I could not run Nepal Airlines in the privatization model. I couldn&#8217;t say I would, but you did. Otherwise it will be very difficult. The government can&#8217;t afford it. <\/li>\n<li>Leasing government industries and land. If the private sector is not able to run it, let us lease it out to the government except for what it adds. <\/li>\n<li>Let&#8217;s reduce the foreign debt except for the most essential. <\/li>\n<li>Don&#8217;t encourage the construction of a big highway in the mountains. This seems to be the interest of the contractor rather than the government and the people. <\/li>\n<li> There seems to be some limited collusion in contracts above five billion. Stop it. Only break up the big contracts. <\/li>\n<p>Let&#8217;s have a policy of guaranteeing subsidies only by showing the TAG_OPEN_li_180 production. <\/li>\n<\/p>\n<li>Let&#8217;s levy VAT on imported agricultural produce. <\/li>\n<li>Let&#8217;s build a road that will last for 12 months in the tourism sector. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Barsha Man Pun<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<li>Dr. Wagle is in a difficult position to make a budget. <\/li>\n<li>We have built good infrastructure in the past. However, the return on investment in other than industrial corridors seems to be weak. <\/li>\n<li> From Postal to Mid-Hill and Madan Bhandari Highway was built in the east-west, but the market could not be developed. The returns were weak. <\/li>\n<li>Let&#8217;s invest in tourism infrastructure. <\/li>\n<li>Let&#8217;s build a hill station for the middle class in India to come and enjoy Nepal. Let&#8217;s develop it as a wedding destination. Let&#8217;s build 50-60 infrastructures. <\/li>\n<li> Economic activity has started to increase in federalism. The five-star hotel currently opened in the state capital indicates this. <\/li>\n<li> An environment should be created to bring rural agricultural produce to the market. <\/li>\n<li>We did a good practice of parental education to run a public institution. The sinking organization is now profitable. We also ran three state-owned banks in profit. Nepal Airlines Corporation should be strong. But let&#8217;s think about how to run it. <\/li>\n<li> People&#8217;s expectations are too high. I&#8217;ve found it very complicated how to address it. <\/li>\n<p>TAG_OPEN_li_168 Let&#8217;s build a road that can last for 12 months to reach the municipal center. <\/li>\n<\/p>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Bishnu Prasad Paudel<\/strong><\/span><\/p>\n<ul>\n<li> It is a positive thing that there is a strong public opinion and a government and a finance minister who understands. <\/li>\n<p>The <\/p>\n<li> promissory note can now be fully complied with. Make a budget accordingly. <\/li>\n<p>TAG_OPEN_li_165 We&#8217;ve heard your commitment to reform. I am always ready to help if I need any help from us. <\/li>\n<\/p>\n<li> We have a tradition of making budgets by estimating the expenditure rather than the estimate of the source. This weakness needs to be corrected. <\/li>\n<p>TAG_OPEN_li_163 There is no need to make a budget now worrying about local and provincial elections. The winner of the union election wins the local elections. <\/li>\n<\/p>\n<li> Instead of selling mines, I had to sell stones and pebbles. He was chased away for trying to sell the chure. The mines identified by the Department of Mines can be excavated and sold. Let&#8217;s be brave. <\/li>\n<li>Let&#8217;s not just sing the Game Changer project. Let&#8217;s get to work. Like Budhigandaki. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Former Finance Minister Janardan Sharma<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<li>Fun to advise, but heavy to implement. <\/li>\n<li> The budget is a document to fulfill a political resolution. <\/li>\n<li>The world economy is stuck in the Strait of Hormuz. <\/li>\n<li> You don&#8217;t have to worry about tenure. <\/li>\n<li> You don&#8217;t have to face threats from your own ministers and leaders. <\/li>\n<li> You take the risk of making popular decisions in plan selection and revenue. <\/li>\n<li>You have to bring a budget to implement federalism. <\/li>\n<li>Let&#8217;s ruthlessly cut government spending. <\/li>\n<li>Let&#8217;s invest in high-altitude sports infrastructure. <\/li>\n<li>Let&#8217;s invest in the exploration of minerals like iron and copper. <\/li>\n<li>} I was uncomfortable with eating fresh vegetables from Nepal. But it&#8217;s important. <\/li>\n<li> Whatever else happens, the government should run the pharmaceutical industry. <\/li>\n<p>There is also the possibility of opening a chemical fertilizer factory from domestic raw materials.TAG_OPEN_li_148 It&#8217;s my turn to study. <\/li>\n<\/p>\n<li> Emphasis should be given to the confidence of the private sector and investment security. <\/li>\n<li> The budget should come so that the country can get skilled manpower while studying or earning while studying or passing the 12th grade. <\/li>\n<li> Border markets should be made greener. <\/li>\n<li>If a tunnel can be dug to reach Jumla, it will bring prosperity to Karnali. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Finance Minister Dr Swarnim Wagle has sought suggestions from former finance ministers for the formulation of budget for the upcoming fiscal year. At a program organized in Kathmandu on Wednesday, Finance Minister Wagle received suggestions from 8 former finance ministers for the new budget. Speaking at the discussion program, Finance Minister Wagle said that [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":300170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45060,45159],"tags":[],"class_list":["post-300175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/300175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=300175"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/300175\/revisions"}],"predecessor-version":[{"id":300176,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/300175\/revisions\/300176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/300170"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=300175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=300175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=300175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}