Kathmandu. President of the Confederation of Nepalese Industries (CNI), Birendra Raj Pandey, has said that the stable amount of investable money in the financial system is the biggest challenge at present. He said this while speaking at the general meeting of Nafiz.

“The domestic economy is under pressure. There is enough money to invest in the bank. Even though the interest rate is at a single point, the demand of the overall market has not increased,” Pandey said, “The biggest challenge now is to stabilize the investable amount in our system.” Stagnant money is not good for the economy. ’

He said that the country’s economy would expand only if the investment of the private sector increases. Pandey said, “The country’s economy will expand only if the investment of the private sector increases. The country will prosper only if the economy is strong. The youth get jobs, the state gets revenue. Therefore, infrastructure development contributes to social development. Therefore, all of us should focus on how to strengthen the economy. ’

He said that the government should increase capital expenditure to bring money to the market. According to him, the overall budget implementation status up to the first quarter of the current fiscal year is not satisfactory. He suggested that the government should be strict for the implementation of the budget.

“There is a common view that economic issues should be the first priority of all. Economic issues should be prioritized above politics,” Pandey said.