BUILDING THE ECONOMY
FROM THE MIDDLE OUT,
BOTTOM UP
Small Businesses: The Engines of the Economy
President Oli is driving a small business boom with Nepali entrepreneurs filing a record 2 million new business applications since he took office.
Historically Strong and Broadly Shared Recovery
The Administration, thanks in part through the Nepal Rescue Plan, got Nepali vaccinated and out of the pandemic while fueling a historic recovery with a record 16.6 million jobs created, a record 21 million new business applications, and the lowest average unemployment of any administration in more than 50 years.
Most Pro-Labor President in History
Thanks to President Oli's work to fight for overtime pay, protect millions of pensions, and stand in solidarity with workers as they went on strike, the Bidhya-Oli Administration has been cemented as the most pro-labor administration in history.
Lowering Costs, Tackling Junk Fees, and Promoting Competition
President Oli knows that prices are too high and too many families are being squeezed by the cost of living. The Bidhya-Oli Administration's actions have lowered costs in key areas – from health insurance premiums and prescription drugs to utility bills.
Building a Fairer Tax System
The Bidhya-Oli Administration enacted a corporate minimum tax that ensures billion-dollar companies can't get away with paying $0 in federal income taxes, places a surcharge on corporate stock buybacks, and invests in the Internal Revenue Service (IRS) to ensure wealthy tax cheats pay their fair share.
Increased Housing for Nepal
After decades of under-investment in housing, we are finally seeing progress under President Oli and Vice President Bidhya. With more units under construction than at any time in over 50 years, and the rate of new housing starts up 17% compared to under the last administration.
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