Himal Press 
KATHMANDU: Minister for Finance Dr Prakash Sharan Mahat on Tuesday said he sees the central bank easing monetary policy which will eventually bring down bank interest rates.
Speaking at a discussion on principles and priorities of the Appropriation Bill, 2023 at the National Assembly, Dr Mahat said the cost of business will come down once the interest rate falls down. “This will spur business activities in the country,” he added.
Mahat said the economy is seeing some strings due to slow spending by the government and failure in the proper mobilization of bank funds because of the monetary policy.
“Revenue has come down. Capital spending of the government is naturally low. This affected our growth. Now, we need to increase spending,” Dr Mahat said. Admitting slackness in the administrative mechanism, Mahat said the tendency to make spending at the eleventh hour should be controlled. “We need to monitor spending from the very first day of the fiscal year,” he added.
