Business & Economy

FM Khanal says small, piece meal projects not giving immediate results cancelled

KATHMANDU:- Finance Minister Rameshore Prasad Khanal has shared that only small and fragmented projects that do not give economic benefits immediately have been cancelled. 

Responding to queries of Bhuwan Bahadur Sunuwar of the Nepali Communist Party in today’s meeting of the National Assembly, Minister Khanal clarified that such decision was taken due to budgetary pressure and subsequent restructuring of priorities.

He mentioned that there was budgetary pressure due to the responsibility of making arrangement of necessary budget for the reconstruction of structures damaged during Gen Z movement,   to resume public service, to hold election to the NA and House of Representatives, to revive economy as well as to provide relief to injured ones and martyr’s families of Gen Z movement.

As per the cabinet meeting held on September 21, 2025, the Finance Ministry had decided to cancel underprepared projects, projects that have not reached the procurement process and projects which will not yield immediate returns.

Similarly, he opined that process to prepare draft of Dalit Welfare, Rights and Development Bill have been accelerated to implement the rights of Dalit Community.

A target has been set to present the bill in next session of the Federal Parliament, he added, stating that preparation has been made to table it in the cabinet within a month by fulfilling all necessary process. (RSS)

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