Finance Minister Rameshwor Khanal has assumed the office after taking the oath of office and secrecy today.  

He formed a three-member taskforce on prioritization of projects for the effective budget implementation. 

The taskforce is formed under the coordination of the chief of Budget Division at the Ministry. 

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

"Now, we're burdened to hold elections and address youths' demands. So, unnecessary budgets would be slashed," Minister Khanal reminded.

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