Finance Minister Dr. Swarnim Wagle States Upcoming Budget Construction Within Strict Resource Limits
Summary
Finance Minister Dr. Swarnim Wagle states the upcoming fiscal year budget will prioritize completing ongoing projects within limited resources and aims for a realistic budget size considering public debt concerns. Health insurance will be restructured and cooperative fund issues addressed without taxpayer money.
Key Points
- The upcoming fiscal budget will work within strict resource limits, prioritizing completion of ongoing projects over new ones.
- Public debt has increased significantly, prompting a realistic budget size aligned with GDP and spending capacity.
- Large infrastructure projects like Nijgadh International Airport will consider PPP and FDI to avoid debt traps.
- Health insurance modality will be restructured, adding sin taxes and income-based premiums; cooperative problems will be resolved without taxpayer funds.
