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ECONOMY

FM Khanal says small, piecemeal projects not giving immediate results cancelled

Responding to queries of lawmakers during a meeting of the National Assembly on Wednesday, Minister Khanal clarified that such a decision was taken due to budgetary pressure and subsequent restructuring of priorities.
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By REPUBLICA

KATHMANDU, Feb 12: 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 lawmakers during a meeting of the National Assembly on Wednesday, Minister Khanal clarified that such a decision was taken due to budgetary pressure and subsequent restructuring of priorities.


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He mentioned that the government is under pressure due to the responsibility of making arrangements for the reconstruction of structures damaged during the Gen Z movement, to resume public service, to hold elections, to revive the economy as well as to provide relief to injured ones and martyrs’ families of the 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 the process to prepare draft of Dalit Welfare, Rights and Development Bill has been accelerated to implement the rights of the Dalit Community. 


A target has been set to present the bill in the 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 processes.


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