Increasing competitiveness key to ensure high economic growth: Finance
secretary
Finance Secretary Rameshwor Prasad Khanal has assured that the government
would implement its free market and economic liberalization policy with
the importance they deserve in the upcoming budget, adding the desired
economic progress can be achieved through social mobilization, private
sector initiative and coordination between various government agencies.
Khanal, who was speaking at an interaction programme in the capital
Friday, said that the government however failed to realize the economic
goals it had set because of its inability to effectively implement its
programmes and policies in the past.
He further said that the government would make its programme and policies
public on September 10 and unveil the budget for the fiscal year 2065/66 a
week after that.
Saying that the government aims to make the private sector effective and
help build an open and competitive environment to achieve the desired
economic growth, Khanal said that to go about this the government has been checking inflation and doing all that is necessary to ensure easy
availability of essential commodities.
"The competitive environment is important to ensure high economic growth,"
he said.
Speaking at the same programme, President of Federation of Nepalese
Chamber of Commerce and Industries (FNCCI), Kush Kumar Joshi said that the
country's economy might collapse if the political parties continue to give
importance to partisan interests than the real economic issues. He also
expressed concern that many industries in Bara and Parsa district are
closing down due to increased political activities and flayed the
government in its inability to ban the syndicate system even though the
Supreme Court has already given a verdict against it.
Similarly, President of Confederation of Nepalese Industries (CNI) and
Constituent Assembly member Binod Kumar Chaudhari said that the
government, political parties including the civil society should have one
sole aim and that it how to ensure a sound economic growth. nepalnews.com
Aug 29 08
