Print Edition - 2014-06-12 | MONEY
‘Discuss budget in Parliament first’
Jun 11, 2014-
Chairman of the Constituent Assembly (CA) Subash Nembang has said that the upcoming budget should be introduced only after holding a pre-budget discussion in Parliament even though such a review may delay its presentation.
“A pre-budget discussion is the right of CA members and the whole country, and it holds great significance,” he said, addressing a special general meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Wednesday.
As per the Parliamentary Rules of Procedure, the budget can be presented in Parliament 15 days after holding a pre-budget discussion.
Nembang also asked the private sector to pitch its agenda to the concerned stakeholders. According to him, the end of the first CA also disrupted several pending bills. “The private sector should urge the concerned line ministries, ministers and other stakeholders to take the bills to the CA at the earliest possible,” said Nembang.
He added that he would play a positive role to have the bills passed at the earliest. Discussions on the bills will be done swiftly, and decisions will be taken promptly since several committees have been formed at the CA this time, he said.
Likewise, Nembang urged the private sector to take a concrete decision to address issues related to energy. “The private sector should work on this front by conducting a campaign,” he said.
Meanwhile, FNCCI President Pradeep Jung Pandey said that the formation of a new government had given momentum to the country’s economy.
According to him, work on an industrial academy bill is close to completion, the issue of the second phase of economic reforms has emerged and the working procedure of the special economic zone (SEZ) has been prepared.
“The government has coordinated with the private sector, and we are expecting it to work positively to expand industry and business,” said Pandey. He added that there were several challenges and issues that had been hindering economic development.
Political commitment, stable state functioning, governance and policies and provisions as per the times are required, he said.
Meanwhile, addressing a discussion after the inauguration of the special general meeting, Finance Minister Ram Sharan Mahat said that the government was committed to creating an investment-friendly environment in the country.
“Industrialization in the country has entered a declining phase, and the competitiveness of the products manufactured by our industries has been decreasing too,” he said. “There is a need to increase investment in the industrial sector.”
He added that entrepreneurs should not remain still saying that there is no environment for making investments. “It is not that we don’t have an environment. If there was no environment, multinational companies like Ncell would not be operating here,” said Mahat, adding that since an elected government was in place, it had become more responsible and committed to increasing investment.
Mahat also said that the government would be stricter regarding
the act related to taxation. “The government won’t be soft corner in terms of taxation. We have started conducting tax raids in several places,” he added.
Published: 12-06-2014 10:04