A thought before the budget day!
Its surprising news for me and quite exciting for everyone following the interview of Finance Minister Dr. Yuba Raj Khatiwoda, who has recently declared that about 50 percent of the national budget for fiscal year 2077/78 will be allocated for the agriculture sector of Nepal. Unlikely of the trend, the interview has aired just a day before the announcement of the budget for fiscal year 2077/78. Amid the expectation of relief and consolation packages for the recovery of economic damages made by COVID-19, he has dragged the policy to reduce unwanted and extravagant government expenses harshly and settle down its equivalence through attractive bank loans subsidies for every financial sector, corporates, and industries, only if they ensure no employees are cutoff and services compromised. He added, the income taxes will be exempted for individuals and companies, if they show the proof of any proportion of their investment in the agriculture sector. He also declared no taxes for the nex...