·  What is needed is a blueprint for the deficit and government expenditure for the next ten years. The purpose of this would be to make it possible to fix the national debt at 60 percent of GDP, and reduce the consequent debt servicing burden. The government’s long-term plan for reducing the tax burden would also derive from this draft.
SAARCFINANCE Seminar on  "Macro-prudential Policies in SAARC Countries" 8-9 June 2017, Kathmandu, Nepal  Inaugural Address by Dr. Chiranjibi Nepal, Governor of Nepal Rastra Bank Deputy Governor of Nepal Rastra Bank Mr. Chinta Mani Siwakoti, Board Members of Nepal Rastra Bank Dr. Sri Ram Poudyal and Mr. Ramjee Regmi Special Guest and Economic Adviser at Bangladesh Bank Dr.Mohammad Akhtaruzzaman, Eminent Resource Person and Principal Economist at the BIS Dr. Ilhyock Shim, Executive Directors of Nepal Rastra Bank Seminar Participants, Media Friends, Distinguished Guests, Ladies and Gentlemen, It gives me great pleasure to address this august gathering at this SAARCFINANCE Seminar on "Macro-Prudential Policies in SAARC Countries.” This theme seems to be very appropriate as significant macro-prudential policy reforms worldwide are being designed to respond to the increasingly interconnected nature of financial institutions, markets and systems.