Kathmandu, November 17
Finance Minister Yuba Raj Khatiwada has said he will work towards improving the country’s financial status putting his popularity at risk.
Speaking at a function organised on the occasion of National Tax Day, minister Khatiwada said he would make efforts to increase the revenue collection. Otherwise, the country would need loans from other countries, which could be injurious to the country’s economy in the long run, he clarified.
The minister said he was aware that he was unpopular among the businesspersons for expanding the range of taxation, but clarified that such confusions were natural in the current transitional state. He said the major issue of discussion was whether to increase the tax range to cover public spending or to depend on loans.
Speaking at the function, representatives of the private sector suggested that the government introduce new initiatives towards economic reform.
