‘Budget has taken Private Sector on board’

KATHMANDU, MAY 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has said that the budget for the upcoming fiscal year 2024/025 has addressed the concerns of the private sector. FNCCI President Chandra Dhakal said the budget has incorporated the private sector in each aspect.
“The budget has included programmes for economic reforms. It has prioritized agriculture, tourism, energy, startup, and IT sectors. This move can be taken positively,” Dhakal added.
The President of the Confederation of Nepalese Industries Rajesh Kumar Agrawal termed the budget as ‘balanced’ and has not imposed any pressure on the private sector.
However, former President of Nepal Chamber of Commerce Rajendra Malla said further study is needed on the budget adding that some of the issues have been presented in a confusing manner.
Likewise, Vice-President of the Federation of Nepal Cottage and Small Industries Mohan Katuwal said the budget should be taken positively adding that implementation is more important.  The budget is a bit large because more than half of the businesses are not in operation at present, he added.
Industrialist Rita Awal praised the budget saying that it has given priority to women entrepreneurship and argued that its implementation should be ensured.