KATHMANDU: Finance Minister Dr Swarnim Wagle has said that the investment of Citizen Investment Trust will be made transparent and return-oriented.

Responding to the queries raised during the theoretical discussions on the ‘Citizens Investment Trust (third amendment) Bill, 2083’ in today’s meeting of the House of Representatives, Minister Dr Wagle said that such fund should be mobilized in a result-oriented and safe manner to maintain the balance between internal and external resources as there was a gap between the country’s income and expenditure.

On the occasion, Minister Wagle said that the government would be serious about risk management on the issue of how to make the public funds created by depositing people’s money flexible when the national savings could not sustain it.

Lawmakers Sushil Khadka, Krishna Hari Budhathoki, Nitima Bhandari Karki, Madhav Bahadur Thapa, Sitaram Sah, Prabha Dhakal, Janak Singh Dhami, Manju Bhusal, Devraj Pathak, Govinda Panthi, Prabha Karki, Parshuram Tamang, Amrita BK, Radhika Ramtel, Shreeram Neupane and Ganesh Bahadur Bishwakarma took part in the discussions on the bill’s principles.

Similarly, lawmakers Prem Lal Chaudhary, Ashish Gajurel, Balawati Sharma, Lalita Kumari, Gopal Sharma, Pukar Bam, Nirasha Chaudhary Dagaura, Hari Mohan Bhandari, Gyanendra Singh Mahata, Bodhnarayan Shrestha, Bishwa Raj Pokharel, Eshuda Kumari Baral, Guru Prasad Baral, Ambika Devi Sangraula, Madhu Kumar Chaulagain and Bharat Giri also put forth their demands.

The MPs suggested that the fund should be developed as per the time and make it investable and effective. The MPs urged the fund to increase the safe, rewarding and transparent investment as it is currently managing savings of Rs 337 billion.

The bill will now be discussed clause-wise in the concerned committee on the basis of the amendments given by the MPs. The meeting of the House is going on.