Finance Minister Wagle to introduce 27 new laws this year for economic reforms

Kathmandu. Finance Minister Swarnim Wagle has said that the government will bring 27 new laws in the current fiscal year for economic reforms.

Addressing a workshop on preparation of Nepal Infrastructure Conference-2026 here on Friday, Finance Minister Wagle said that after he became the Finance Minister, he started the works of repealing the old acts and formulating new laws.

He said, “Within half an hour of my being the finance minister, 15 old laws were repealed. We will bring 27 new laws in the budget this year. We are now chasing the ministries for 27 laws that are helpful in the budget reform and for economic reforms.” ’

According to Wagle, the government has also forwarded the issue of amending the laws that the private sector has been raising since the past.

He said, “We will bring Ram Rajya to amend the 28 laws that the CNI has said.” The Chamber of Commerce and Industry had talked about 42 laws a few years ago. Our law minister has surpassed all of them and 166 laws have been passed by the cabinet. ’

Finance Minister Wagle said that the essence of good governance should be spread to all state organs.

He said, “Other organs of the state should also spread the same essence of good governance. Otherwise, the behavior of 17 ministers alone will not make the character of the entire state, but if the core is clean, then it will not take long for other things to be absorbed.” ’

Stating that there were several challenges in the process of economic reform, he said that time was taking place to uproot the entrenched tendency of exploitation of the state by capturing policies and institutions.

He said, “There are many challenges. It is taking time to shake and uproot this evil tendency that has taken root to exploit the state by capturing policies and institutions. ’