Govt draws flak for failing to bring full-fledged budget
Economists and businessmen have flayed the government for failing to bring a
full-fledged budget.
As Finance Minister Dr. Ram Sharan Mahat presented advance expenditure bill
instead of full-fledged budget, they have said that the message will not be
received well by people expecting huge economic strides in the aftermath of
the promising political changes.
This is a very sad day for those who wished for development
said Binod Chaudhary, a leading industrialist and a member of Constituent
Assembly (CA).
We hope that this does not become a precedent for the years to come.
The time has already come to bring the economic issues to the centerstage of
national debate, said Rajendra Kumar Khetan, another prominent
industrialist who is also a CA member.
Former Finance Minister Dr. Prakash Chandra Lohani said it was the failure
of the political leadership that a full budget could not come.
The government has said that it could not bring a budget before the annual
policies and programmes of the government, which, in turn, could not be
presented as there is no head of state.
As such, FM Dr. Mahat unveiled the advance expenditure bill, which allows
the government to spend up to Rs 73 billion till a budget is presented by
the new government. nepalnews.com sd Jul 15 08
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