Finance Minister Dr. Swarnim Wagle Discusses Capital Expenditure Reforms and Revenue Targets
Summary
Finance Minister Dr. Swarnim Wagle says the government has begun policy and procedural reforms to lift capital expenditure to 80–100 percent and improve budget execution. The government has also set a revenue target of Rs 1,580 billion this year while pushing taxation reforms, technology use, and a formal billing culture.
Key Points
- The government has started policy and procedural changes to raise capital expenditure capacity and improve budget spending.
- Finance Minister Wagle said three reforms — direct fund transfers, a new procurement law, and the MTEF — are meant to speed up expenditure and construction works.
- The government has set a revenue collection target of 1,580 billion and plans incentives to promote billing culture and formal-sector activity.
- He said the electricity tax system is intended to improve accounting and formalization, not add burden to consumers.
