Kathmandu. Finance Minister Rameshwor Prasad Khanal has assured that the government will remove the full audit system. Speaking at a programme organized by the Inland Revenue Department on the occasion of National Tax Day-2082 on Monday, he said that the policy would be brought to free the honest entrepreneurs from unnecessary hassles.

He pointed out the need to reform the tax system. For this reason, the system of full audit also needs to be modified, he claimed. “If the economy gets bigger, the tax burden will naturally go up. For that, it is necessary to expand commercial activities,” he said.

Khanal said the government was fully committed to strengthening security sentiment including security of the private sector. Addressing a programme organised by the Inland Revenue Department on the occasion of the National Tax Day-2082 here today, Finance Minister Khatiwada expressed concern over the situation in which the private sector was terrorized by the ‘Genji Movement’.

According to Khanal, the dissatisfaction shown by the Zenji movement has manifested itself not only in the form of anger against the government or political parties but also against the entire society and the private sector. “The movement reflects the pain of youths due to lack of inclusion in development and unemployment,” he said.

Minister Khanal said that the government’s first priority was to ensure the security of the private sector. Good governance, controlling corruption and creating an environment for citizens to live with dignity is security in itself. ’

According to him, the recent agitation has damaged physical infrastructures worth Rs 78 billion. About 2,900 buildings have been damaged in 55 districts across the country, according to government figures. Stating that the government has collected Rs 120 billion from the budget for the reconstruction of the losses suffered during the Zenji agitation, he expressed the belief that the amount would be sufficient for the reconstruction. He expressed the view that the rehabilitation work would be initiated immediately.

He expressed the belief that the market would become more dynamic if some structural problems existing in the capital market could be resolved. He stressed on the need of effective coordination between the private sector and the government. According to Khanal, some necessary laws have not been brought as the parliament is not in operation at present, adding that it is difficult to bring long-term laws through ordinance.