Tax withdrawal to be formalised through Cabinet, says finance minister
Summary
Prime Minister Balendra Shah announced the suspension of the proposed three percent equity fees on private education and health services, aiming to reduce public financial burden. Finance Minister Swarnim Wagle confirms the decision will be formalised through the Cabinet and alternative funding for the Equity Fund is being considered.
Key Points
- Prime Minister Balendra Shah announced the withdrawal of the proposed three percent equity fees on private education and health services.
- The fees were intended to finance the Equity Fund for nutrition programs, health insurance expansion, and public education improvements.
- Finance Minister Swarnim Wagle said the decision to suspend the fees was made after consultations with the prime minister.
- The Cabinet will formally endorse the suspension and alternative revenue sources for the Equity Fund are being discussed.
