Govt to take up transformative economic policies: FM Bhattarai

Minister for Finance Dr Baburam Bhattarai on Wednesday said that the government will take up transformative economic policies. Rather than analysing polices based on any ‘isms' Dr Bhattarai said, he preferred calling it a ‘transformative economic policy' reflecting the period of transformation the country is undergoing.

Speaking at the pre-budget discussion in the capital today, the finance minister said the government bring in the budget in a way that it will encourage the private sector.

"Many people fear that the Maoist budget would discourage the investment. But you will get to see more investment attracted." he said and added, "Even foreign investment will be attracted."

Saying that the government will follow the model of public private partnership, Dr Bhattarai added, "If any problems arise during the transformation period, only the Maoists cannot be blamed."

"There is problem in mobilisation rather than in capital itself," he said. "The government will simplify it."

Saying that there will be no obscurity in policy and the government will be stable, he assured the business men that while determining the tax rates the issue will of industrial security will be taken into consideration.

In the programme, business entrepreneurs said that the professional environment has not been created because of the instable government and policy, corruption, lack of infrastructure, no access to capital and lack of transparency in tax.
Source: eKantipur