Finance Minister Swarnim Wagle Moves to Scrap 15 Laws, Orders Economic White Paper

Nepal’s newly appointed Finance Minister Swarnim Wagle has initiated a sweeping policy shift, announcing the scrapping of 15 existing laws as his first major decision in office.

Assuming office at the Ministry of Finance, Wagle stated that the move aims to streamline regulatory frameworks, improve governance efficiency, and remove outdated or redundant legal provisions—including those related to revenue investigation.

In a parallel step toward enhancing fiscal transparency, the minister has also decided to form a taskforce to prepare a comprehensive economic white paper. The report will assess Nepal’s current economic condition up to Chaitra 13, providing a detailed overview of key macroeconomic indicators, fiscal health, and structural challenges.

The decision signals a proactive approach by the new administration to reset economic policy direction and strengthen institutional clarity. Market observers view the move as an effort to build investor confidence by prioritizing transparency, accountability, and regulatory reform.

The forthcoming white paper is expected to offer critical insights into revenue performance, public expenditure, debt dynamics, and overall economic stability, potentially guiding future policy measures and reforms.

Wagle’s early actions underscore a reform-oriented agenda, with a focus on simplifying legal structures and improving economic governance at a time when investors and stakeholders are closely monitoring the government’s policy direction.