KATHMANDU, May 10 -- While the government is drafting the budget for next fiscal year, private sector and economists have recommended the government to bring in programs to lift the confidence of the private sector.

Speaking at a pre-budget discussion organized by the Society of Economic Journalists-Nepal on Thursday, the analysts pointed out the need for systemic reforms to improve capital expenditure by the government, transparency of the tax rates which are to be revised, reduction in bad debts of banks and reform measures to find alternative measures to increase revenue collection by the government.

Chandra Dhakal, president of the Federation of Nepalese Chambers of Commerce and Industry, said the government needs to maintain good c...