House continues discussions on budget

Kathmandu: The lower house continues discussions over the budget for upcoming fiscal year today, too. Taking part in the discussions in a meeting of the lower house (House of Representatives) today, lawmaker Bishnu Poudel said the budget was oriented towards major bases for prosperous Nepal, happy Nepali and socialism.

‘Terming it as the reality-based one, the lawmaker from the major ruling party Communist Party of Nepal (CPN) and former Finance Minister expressed his hope that it would help the country attain economic development.

“The new budget has been successful in incorporating the issues relating to reform of tax system and increase of employment opportunities,” he said, adding that infrastructure development was also its focus. His claim was that the budget would find a path towards prosperity.

Similarly, Nepali Congress parliamentary deputy leader Bijay Kumar Gachchhadar has expressed his doubt over the implementation of the budget presented by the government for upcoming fiscal year on May 29. Stating that the economic policy adopted by the Congress in the past had created a base for economic development in the country, he said the new budget had incorporated no new issue.

“Though the issues of achieving eight percent economic growth, development and creating jobs are good aspects of the budget, its implementation is questionable.” He went on to say that the concepts of liberalization and privatization were first brought into practice in the country by the NC government which, according to him, remained as the foundations for country’s economic growth and development .