The House of Representatives (HoR), the lower house of the Federal Parliament, continued deliberations on the annual estimate of income and expenditure (budget) for fiscal year 2022/23 for the third day today.
Speaker Agni Prasad Sapkota informed the session of the lower house that general discussions would be held on the principles of the budget which will be followed by detailed discussions on the ministry-wise headings of the budget later on.
Taking part in the deliberations, CPN (UML)'s Pradip Kumar Gyawali alleged that the present government has invited both political and economic instability and thereby brought further crisis in the nation.
He said that the Finance Minister should have brought the budget considering the adverse situation created by the present economic crisis in the world, but has not done so. Gyawali also charged that the budget was a hindrance to development and insensitive in several instances.
Stating that the budget was not practicable, he said, "The budget is bloated. This is the election year. You have mentioned during discussions that you are going to decrease the imports and increase the revenue. But a large proportion of our revenue comes from import."
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