Budget to be presented on Tuesday

- POST REPORT, Kathmandu

Jul 11, 2015-

The government is planning to present the budget for the upcoming fiscal in the Legislature-Parliament on Tuesday. Finance Secretary Suman Sharma confirmed the date although the government’s initial plan was to present it on Wednesday. As lawmakers are scheduled to go to their respective constituencies to collect people’s feedback on the preliminary draft of the new constitution, Speaker Subas Nembang had urged the government to present the budget at the earliest so that lawmakers can leave Kathmandu soon.

According to Nembang, Constituent Assembly members will be deployed for public consultation on July 17, after endorsing advance expenditure bill that allows the government to spend resources until the new budget is passed.

Discussions over the budget, however, will start after the MPs return from their constituencies. The CA has directed the Committee on Citizen Relations and Public Opinion Collection to submit a compiled report on the suggestions on July 23. The government’s priorities would be reconstruction of infrastructure destroyed by the earthquake, development of physical infrastructure and energy projects, commercialisation of agriculture, industrial development and tourism promotion. As per the policies and programmes already presented in Parliament, the government will now discourage budget allocation for projects that do not have a detailed feasibility study. According to officials, industrial zones and corridors will be developed with priority.

In addition to bringing the Bhairahawa Special Economic Zone into operation, construction of infrastructure for the Simara and Panchkhal SEZs would be started. Work to expand sections of East-West Highway and some bridges on it into four lanes will start next fiscal year.

Published: 12-07-2015 07:56

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