by Rejaul Karim Byron in The Daily Star, June 25, 2023For the first time, no one took the opportunity to whiten black money to avail the government’s tax amnesty in the outgoing fiscal year. The government offered the tax break so that the money laundered out of the country is brought back by people, a finance ministry official said yesterday. Since independence, the government offered such tax amnesty on 21 occasions, and the opportunity was…
Posts tagged as “fiscal”
by Rejaul Karim Byron in The Daily Star, Jun 1, 2023The government’s foreign debt servicing burden may rise by as much as 45 percent in the next fiscal year due to the devaluation of taka and higher utilisation of foreign loans in recent years. About Tk 24,700 crore would be set aside in fiscal 2023-24’s budget for foreign loan repayment, according to finance ministry officials. It is about $2.42 billion considering the current exchange rate…
by Prithvi Man Shrestha in The Kathmandu Post, May 20, 2023The government has overstated the country’s economic performance at a time when its main statistics body has painted a gloomy picture of the economy. Presenting the government’s policies and programmes for the fiscal year 2023-24 in a joint session of the House of Representatives and the National Assembly on Friday, President Ramchandra Paudel said all the sectors were witnessing positive outcomes as a result of…