Finance Minister Swarnim Wagle has indicated that the upcoming national budget will take a different approach from previous years, with a stronger focus on promoting a liberal and private sector-friendly economy.
Speaking during a meeting with representatives of the Confederation of Nepalese Industries, Wagle said the government aims to use the current political moment to push for economic progress. With a stable administration now in place, the priority is shifting toward growth and prosperity.
The minister outlined plans to encourage a more open economic environment while maintaining regulatory oversight. The government is positioning itself as supportive of private enterprise but has also stressed that liberalisation will not come at the cost of necessary controls.
As part of its early steps, the government has already scrapped 15 laws on its first day in office, signalling an effort to ease restrictions and improve the business climate. Officials say this is meant to send a clear message that the administration is committed to working with the private sector.
Wagle also urged businesses to invest and expand with confidence, assuring them of government support. Plans are underway to develop model industrial parks and attract large multinational companies to Nepal. The government is looking to create an investment-friendly environment by ensuring policy stability and protecting both domestic and foreign investments.
The broader strategy includes encouraging private sector participation while also facilitating foreign investment inflows. Authorities believe that a balanced approach combining openness and regulation will be key to driving long-term economic growth.
The upcoming budget is expected to reflect these priorities, with measures aimed at boosting investor confidence and accelerating economic activity.