Kathmandu, Mar. 26 : Finance Minister Mahesh Acharya has spoken of the need to carry out economic development activities through wise utilisation of government means and resources.

Minister Acharya, who was speaking at an interaction programme organised by the Reporters Club Nepal here today, called for a political commitment among all political parties to economic upliftment of the country.

Stating that the present government is committed to generating more employment and income generation opportunities so as to alleviate poverty, he stressed the need of effective monitoring system for controlling irregularities.

Political interference in state-owned public corporations has resulted in a sharp decline in production thereby demoralising the employees, he said, stressing the need to check such political interference and make the administrative machinery more effective.

Stressing the need to involve Nepalese technicians in development projects, Minister Acharya said we should shun a tendency to depend on others in every sector.

At a time when the country has seen an economic depression, investment promotion is indispensable for attaining high growth rate, he observed.

If we are able to increase the country’s economic growth rate to 7 percent it would help much in poverty alleviation, he said.

Stressing the need for internal savings and proper utilisation of foreign assistance, he said investment should be made in agriculture, irrigation, communications technology, hydropower, human resource development and tourism to boost the country’s economy.

With more and more business companies getting registered with vat offices revenue collection is likely to increase.

Club president Rishi Dahmala Presided.