KATHMANDU: The newly appointed Finance Minister Rameshwor Khanal has assumed office. He took the oath of office and secrecy before President Ramchandra Paudel at the President’s Office, Sheetal Niwas. He is also a former Finance Secretary.

President Paudel appointed him as the Finance Minister on Sunday evening, on the recommendation of the interim government’s Prime Minister Sushila Karki.

He formed a three-member taskforce on prioritization of project for the effective budget implementation. The taskforce is formed under the coordination of chief of Budget Division at the Ministry.

The Finance Minister took a decision to not implement the projects that are not included in budget and lack adequate preparation. The projects with insignificant values would not be put into practice, Khanal added.

“Now, we’re burdened to hold election and address youths’ demands. So, unnecessary budget would be slashed,” Minister Khanal reminded.

Suggestions of the high level economic reform commission would also be paid heed, according to the Minister.