Khanal outlines business recovery plan, stresses jobs — Day 3
Khanal unveils business recovery plan, keeps youth jobs central
BCANP News Desk —
—
Kathmandu, Nepal
On the government’s third day, Finance Minister Rameshwor Prasad Khanal presented the outline of an integrated business recovery plan to support private sector resilience following weeks of disruption. He emphasized youth employment as his core policy priority and reaffirmed his refusal of ministerial perks. His ministry also participated in rolling out financial compensation to victims’ families during the national day of mourning.
Timeline (Sept 17, 2025)
- Recovery plan: Khanal proposed coordinated tax, credit and public service measures to help businesses recover.
- Youth focus: He again named unemployment as the economy’s greatest challenge, stressing public works and job creation.
- Mourning coordination: Finance Ministry supported funding logistics for compensation to bereaved families.
Decisions & Quotes
- On recovery: Khanal said relief must be paired with reforms to “restore credibility in public finance.”
- On priorities: He underscored that resources will go first to employment programs and essential services.
Why it matters
Economic stability is vital to sustaining public confidence in the interim government. Khanal’s proposals link relief with longer-term reform while signaling fiscal restraint through his continued refusal of perks.
Background
Khanal, a veteran economist, was appointed on Sept 15. He pledged on Day 1 to forgo privileges, and on Day 2 reiterated jobs as his focus.
What’s next
- Finalization of the business recovery package with private sector input.
- Details on funding mechanisms for employment programs.
- Cabinet approval of fiscal measures within the six-month interim period.
