Finance Minister Launches National Lottery Scheme to Formalize Economy
Summary
Finance Minister Dr. Swarnim Wagle has launched the National Lottery Scheme to promote digital transactions, transparency, and a billing culture in Nepal. The government says the program will help formalize economic activity, reduce revenue leakage, and expand the tax base.
Key Points
- Finance Minister Dr. Swarnim Wagle formally launched the National Lottery Scheme under the Taxpayer Incentive Gift Program at the Ministry of Finance in Kathmandu.
- The initiative is meant to promote digital transactions, encourage bill-taking and bill-issuing, and make economic activity more transparent.
- The government says more than 20 million digital transactions worth about 76 billion rupees have already been included in the system.
- Officials expect the scheme to help curb revenue leakage and support the annual revenue target of 1580 billion rupees.
