Private Sector Views Upcoming Budget Positively but Cautiously

Kathmandu. The private sector, which has been demanding structural and policy reforms for a long time, has taken the upcoming fiscal year's budget positively in principle. However, the private sector expresses concern that the problem of good announcements but poor implementation, as in previous years, might be repeated.

This was stated by the private sector at a policy dialogue program on the budget organized by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in Kathmandu on Monday. The FNCCI states that the upcoming fiscal year's budget has taken a bold path of policy and legal reforms, but its success will depend on the government's implementation capacity.