© All rights reserved. NepalKhabar

Business

Budget receives mixed reactions from lawmakers

Nepalkhabar

Nepalkhabar

 |  Kathmandu

(Image for Representation)

Lawmakers have given mixed reactions over the budget for the upcoming fiscal year.

Taking part in general deliberations on the estimations of the government's income and expenditure for the fiscal year 2081-82 BS (2024-25) in a meeting of the House of Representatives today, Ashok Kumar Chaudhary of Rastriya Swatantra Party said the budget is not realistic. Accusing the government of overlooking the sports sector in the budget speech, he demanded a substantive approach to promote the agricultural sector.

According to Sher Bahadur Kunwara of CPN (Unified Socialist), the budget, introduced amid an economic slowdown, is expected to encounter implementation challenges. "On one hand, the capital deficit persists, while on the other, the capital flight looms large. Our primary focus should be on managing the capital crisis."

Gyan Bahadur Shahi of Rastriya Prajatantra Party said the budget is expected to focus more on job creations and the development of the agriculture sector.

He proposed to implement a separate fiscal year for the mountain region as only two months Baisakh (April-May) and Jeth (May-June) are favorable for undertaking development endeavors in the region. (RSS)



Comments

Related News

Commuters question mere 2% fare cut despite massive drop in fuel prices

Despite a heavy reduction in fuel prices by the Nepal Oil Corporation (NOC), commuter and freight t…

Finance Minister directs SEBON Chair to prioritize investor protection, market reform

Minister for Finance, Dr Swarnim Wagle, administered the oath of office and secrecy to newly appoin…

Nepal forms Parliamentary Friendship Group with Azerbaijan

Nepal has formally established a Nepal-Azerbaijan Parliamentary Friendship Group, marking a new ste…

10,845 EVs worth Rs 25.55 billion imported in 11 months of current FY

Ten thousand eight hundred and forty-five electric vehicles worth Rs 25.55 billion have been import…
Copyright © 2021 Nepalkhabar. All Rights Reserved. Designed by Curves n' Colors. Powered by .