KATHMANDU: Finance Minister Swarnim Wagle assured the House of Representatives today that the government will break the stagnation in capital expenditure starting next fiscal year.

Acknowledging that capital spending under the inherited budget has failed to cross 35 percent so far, he emphasized that the newly proposed structural reforms will yield visible results and boost revenue collection.

He also dismissed lingering confusion over the proposed three percent equity fee on private school tuition, clarifying that it will not affect the 75 to 80 percent of children in public schools, but will instead be reinvested into upgrading education for marginalized and low-income communities.

To shield the middle class from an unfair financial burden, Wagle highlighted corresponding tax reliefs, including raising the annual tax-free income threshold to Rs 1 million and allowing a Rs 25,000 tax deduction for private school expenses.

He maintained that a balanced combination of targeted exemptions and selective revenue collection is vital to funding public healthcare and education transformations, concluding that a responsible nation must systematically strengthen its internal revenue rather than relying solely on spending.