Tightening luxury imports and liquidity
06 May 2024
KATHMANDU: A couple of months back, Finance Minister Janardan Sharma had said that the government would mobilize around 10 percent of the total capital budget each month.
Five months of the current fiscal year have passed but it is still below 10 percent, which means that Minister Sharma has not been able to fulfill his pledge made while presenting the replacement bill at the Parliament.
Now, he has instructed the development ministries to mobilize 30 percent of their capital budget by the mid of January next year.
Moreover, the Nepal Rastra Bank’s (NRB) decision to tighten the imports of luxu...
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