Finance Minister's Promise on Electricity Price Unfulfilled as 5% VAT Implemented

Kathmandu. Finance Minister Dr. Swarnim Wagle's announcement that the price of electricity would not increase for the end consumer has remained just a speech.< /p>

Finance Minister Wagle had announced in the budget for the current fiscal year (2083/084) that a 5 percent value-added tax (VAT) would be imposed on domestic consumers who consume more than 50 units of electricity. After this announcement was opposed in the house, he announced that the price of electricity would not be increased in a way that would affect the end consumer.< /p>