Thursday Jun 13, 2024
Thursday Jun 13, 2024

General deliberations on budget for upcoming fiscal year


Nepalnews
2023 Jun 07, 16:53,
Image source :Google

The House of Representatives (HoR) continues general discussions on the Annual Estimates of Revenue and Expenditure (Budget) for Fiscal Year 2023/24.

Taking part in the deliberations today, lawmaker Dilendra Prasad Badu said the budget for the upcoming fiscal year brought by the government has taken positive initiatives for improving the overall economic condition of the nation.

"It has made efforts towards increasing the capital expenditure and cutting down on the unproductive expenses. The government has also prepared the time-bound action plan on budget implementation," he said, adding that the provision of enhancing the effectiveness of the implementation of budget for the next fiscal year and the decision of dissolving and merging 20 government entities were positive aspects of the budget.

Raghuveer Mahaseth raised a question on the implementation aspect of the budget. He stressed that the projects of national pride and priority should be designed on EPCF concept. "The government is responsible for the delay in preparing the DPR of the Birgunj-Kathmandu and Rasuwa-Kathmandu Railway. Works on Sunkoshi Marin, Bheri Babai and Rani Jamara among the irrigation projects have not been attached due priority," he pointed out.

Lawmaker Lekhnath Dahal opined that the government has tried to address in the policies and programmes and the budget all the positive topics raised by the parliamentarians. "Checking revenue leakage, maintaining budget allocation efficiency, prioritization of good governance and service delivery and keeping the production and industrial sector in priority for promoting capital formation are some of the positive aspects of the budget," he added.

Manish Jha critiqued the budget, saying it lacked harmonization between income and expenditure. He said the citizen should take ownership of the budget.

"The government should be clear about which sector has to be prioritized for the comprehensive economic development of the country. It is not clear where this sort of budget will take us until 2030. So, this budget is merely ritualistic," he said.

Deepak Bahadur Singh said the budget has failed to bring any concrete plans and programmes on addressing the problem facing most of the industries in the country. He also questioned on the effectiveness of the subsidies provided to the farmers. "It is necessary to stop the import of vegetables, fruits, food grains and other agricultural goods from other countries including India and to provide protection to the domestic agriculture goods and produce," he stressed.

Lawmaker Upendra Yadav said the budget has both positive and negative sides. "There are some positive, some negative and some discriminatory issues, he shared, claiming that the budget has failed to adopt the concept of balanced and inclusive development.

Lawmaker Yadav said the process to prepare budget is wrong, adding, "People may think that lawmaker and minister prepare budget, but employees, and middlemen prepares it."

Similarly, lawmaker Sher Bahadur Kunwar expressed the view that decreasing share of capital expenditure in annual budget is the matter of worry.

"The share of capital expenditure in the budget was equal to 65 per cent three decades ago. But it is now decreased to 17 per cent. Remaining country's economy in poor condition is the matter of concern for all of us", he mentioned.

Kunwar further said cooperative sector, which is considered as the main pillar of three-pillar economic policy, could not been mobilized in building economy.

Another lawmaker Anita Devi complained of allocating inadequate budget in Madhes Province for coming fiscal year.

The budget has failed to meet the expectation of strengthening fiscal federalism implementation, she viewed.

Similarly, lawmaker Chitra Bahadur KC raised question over federal system, adding there was no alternative to reduce cabinet size, ministries and scrapping federalism to reduce expenses.

He stressed the need of providing voting rights to migrant Nepalis.

Lawmaker Dr Amaresh Kumar Singh mentioned that Madhes has been discriminated in course of distributing resources. He further said that arrangement should be made to provide education, health and justice free of cost.

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House of Representatives revenue and expenditure Dilendra Prasad Badu lawmaker Madhes Province federalism implementation
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