Budget 2084/84
Government to Inject Capital in Some Public Enterprises, Divest Shares in Others
The Finance Minister also said that work on managing investment under a public-private partnership model — by carrying out a due diligence assessment (DDA) of the assets and liabilities of seven public enterprises, including Gorkhakali Rubber Industry — will be completed within the coming year.
Dipesh Ghimire
1 min read
Kathmandu — To strengthen public enterprises, the government has made arrangements to increase capital in some and divest government shares in others, Finance Minister Dr. Swarnim Wagle announced through the budget.
Wagle has proposed increasing the Government of Nepal's capital in Rastriya Banijya Bank. He said Nepal Airlines Corporation will be converted into a company, and an appropriate method for management improvement and strategic partnership will be identified.
Shares of Rastriya Beema (Life Insurance) Company and Bishal Bazaar Company will be issued to the general public.
The government will merge Hydroelectricity Investment and Development Company Limited with a financial institution of matching objectives to create a specialised entity for the infrastructure sector.
The Finance Minister also said that work on managing investment under a public-private partnership model — by carrying out a due diligence assessment (DDA) of the assets and liabilities of seven public enterprises, including Gorkhakali Rubber Industry — will be completed within the coming year.
Written by
Dipesh Ghimire