Finance Minister Claims Upcoming Budget Smallest in a Decade
Summary
Finance Minister Dr. Swarnim Wagle states the upcoming fiscal year's budget is the smallest in a decade relative to GDP, emphasizing a balanced and resource-conscious approach focused on foundational economic growth and prudent debt management.
Key Points
- Finance Minister Dr. Swarnim Wagle claims the upcoming fiscal year's budget is the smallest and most balanced in a decade in proportion to GDP.
- The budget was prepared under tight time and resource constraints, with a five-year action plan as its foundation.
- Debt management focuses on keeping the debt-to-GDP ratio balanced, with significant loan portions allocated to old debt repayment.
- Economic growth plans emphasize infrastructure connectivity through the Growth Quadrilateral and road expansions like Muglin-Pokhara and Siddhartha Highway.
