Finance Minister Shankar Koirala Thursday said that the government will introduce the new budget for the next fiscal year 2013/14 with special full focus on the private sector.

Speaking at an interaction in capital on Thursday, FM Koirala said as the government is convinced by the private sector’s ability to play major role in the economic development of the country and that the next fiscal budget will introduce programmes to boost the private sector.

A full-fledged budget will be unveiled next year, Koirala added.

Mentioning about the power shortage in the country, Koirala said that the next fiscal year’s budget will focus also on the development of hydropower sector for the economic development. He said that the government will allocate additional Rs. 15 billion for the development of hydropower.

Meanwhile, Koirala expressed his commitment to effective implement the recently introduced budget for the remaining period of this fiscal year.