Friday Aug 12, 2022
Friday Aug 12, 2022

National Assembly passes budget bills


Nepalnews
2022 Jul 01, 16:13, Kathmandu
Photo: RSS

The National Assembly today passed three separate bills related to the budget for the next fiscal year, amidst the boycott of the main opposition party, the CPN (UML).

The Upper House of the Federal Parliament passed the Finance Bill, 2079 BS, the Bill to Mobilize National Loans, 2079 BS, and the Loans and Guarantee (Twenty-fifth Amendment) Bill, 2079 BS.

A meeting of the National Assembly passed by a majority a proposal presented by Finance Minister Janardan Sharma seeking the Upper House pass the budget-related three bills that have been received by the National Assembly with the message from the House of Representatives.

These bills which have been passed by the Upper House have been sent to the House of Representatives, the Lower House, along with the message.

The Lower House will have to endorse the bills. The CPN (UML) lawmakers boycotted the meeting blaming that the tax rates in the budget were manipulated in collusion with an unauthorized person a day before presenting the budget in the parliament.

The UML lawmakers exited the assembly hall saying they were not taking part in the discussions on the topics related to the Finance Bill.

READ ALSO:

National Assembly CPN-UML Federal Parliament Finance Bill Finance Minister Janardan Sharma
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