Kathmandu, Sept 15: Nepal’s new Finance Minister Dr. Rameshwor Khanal has sent a clear message on his first day in office — no more political freebies and wasteful projects.

Speaking at the Ministry of Finance after taking charge, Khanal boldly stated that nearly Rs 1 trillion could be raised simply by cutting “politically pressured, unprepared, and fragmented projects” from the bloated national budget.

He announced the formation of a three-member task force to immediately filter, prioritize, and eliminate unnecessary programs, redirecting funds to urgent needs such as elections, reconstruction, and rebuilding public confidence.

Khanal also visited the damaged Singha Durbar compound, where recent Gen-Z-led protests had left scars on the nation’s political heart.

“Let us repaint the blackened walls and send a message that Nepal rises again,” Khanal said, making it clear that his ministry will focus on restoring dignity and order rather than adding new luxury purchases.

He pledged that no new vehicles would be bought for ministers or officials under this caretaker government. Instead, old or scrap vehicles will be auctioned, and reconstruction will begin immediately to show that the state is serious about accountability.

Khanal did not shy away from crediting the youth movement that shook the political establishment.

“Young people gave their lives to expose the country’s biggest problems. They trusted us with this responsibility — we will not repeat past mistakes,” he said, urging civil servants to stop misusing public resources.

The finance minister also called for a new partnership with the private sector, warning against harsh revenue collection tactics that harm business confidence.

“If services improve, revenue will grow naturally. Our job is to make businesses feel confident, not cornered,” he said, hinting at tax reforms and friendlier policies.

Nepal Rastra Bank Governor Dr. Bishwanath Poudel, also present, pledged central bank support and said that despite damage to 68 bank branches and 69 ATMs during the protests, now is the time to rebuild public morale and trust.

Khanal’s tough talk and immediate action signal that this government may finally be willing to cut political fat and prioritize national interest over party demands — a move many citizens have long been demanding.