Finance Minister Wagle Assures Honest and Investment-Oriented Private Sector Need Not Fear

Finance Minister Dr. Swarnim Wagle has assured that the honest and investment-focused private sector has no reason to fear. He clarified that the government’s goal is to expand the middle class while improving the economic conditions of the poor, workers, farmers, and marginalized communities. He also highlighted that the country lost economic opportunities due to inappropriate policies and administrative approaches over the past 30 years. (May 19, Kathmandu)

Responding to questions raised in both houses of the Federal Parliament regarding the principles and priorities of the Budget Appropriation Bill 2083, Finance Minister Wagle expressed confidence that the honest and investment-oriented private sector need not be afraid. When lawmakers inquired about discomfort and a lack of confidence within the private sector, he stated, “Honest and investment-focused private enterprises have nothing to worry about. The government itself is reaching out door-to-door to encourage investment, industrial growth, and production expansion.”

He informed that the government is committed to providing necessary facilitation, legal reforms, and policy stability. However, tackling issues of collusion, policy capture, and exploitative tendencies remains ongoing so that good governance benefits reach all citizens. Wagle emphasized that the government’s thinking, policies, programs, and the Budget Appropriation Bill’s principles and priorities are fully aligned and that the upcoming budget will follow this direction.

He also urged opposition parties to sever ties with malicious groups. Despite concerns that expanding the middle class might benefit only a limited group, he clarified, “Expanding the middle class does not mean providing privileges to a select few. It entails the economic empowerment of the poor, workers, farmers, landless individuals, squatter communities, and those deprived of opportunities.”