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  • 'Budget ambitious, implementation challenging'

    Sunday 29th of May

    Kathmandu, May 29: Former finance ministers have said it was quite challenging to implement that budget, for it was ambitious.

     

    At a programme organized by Reporters' Club in the capital city Sunday, Nepali Congress leader and former finance minister Dr Prakash Sharan Mahat said as the budget was made a will paper, it would be difficult to implement it.

     

    "The budget is brought breaching the ceiling fixed by the National Planning Commission. It will create economic crisis. It has ignored capital investment and economic growth," he argued.

     

    Moreover he said it was no more than a baloney to claim that an auditorium capacious for 5,000 people would be constructed in a year.

     

    However, CPN-UML leader Bharat Mohan Adhikari said the budget had to be made big and ambitious owing to the situation.

     

    He argued that the budget allocation for the village council and municipality was not a mere distribution but it was for the development. According to him, the private sector was encouraged with this budget.

     

    Leader Adhikari suggested that the budget should have fixed how much electricity the country could generate in a year.

     

    CPN (Maoist-Centre) leader Barsha Man Pun said the government needs to build the capacity to spend capital. It is the major challenge, he added, arguing that it was quite negative trend that 12 projects costing more than Rs one billion were centered in the Finance Minister's home district.

     

    Former finance secretary Rameshwor Khanal said even the increase in social security allowance and salary to government employees would create problems.

     

    He further claimed that Greece and Venezuela had faced crisis owing to such budget. If the foreign donation is limited, it is quite difficult to generate resources, Khanal underscored.




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