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Sunday, April 28, 2019

Stakeholders urge government to focus on productive budget for next fiscal

Kathmandu, April 28

Stakeholders have urged the government to include productive programmes and projects in the upcoming budget for fiscal year 2019-20.

Speaking at a pre-budget discussion programme organised by the Finance Committee of Legislature Parliament in Pokhara today, they said that a productive budget is need of the time and government should not focus on distributive programmes.

Moreover, they said that it is due to the tendency of bringing unproductive budget that budgetary outcomes have not been good in the past.

“The budget should be prepared on the basis of topography and it should address the aspirations of the provincial and local governments,” said Prithivi Subba, chief minister of Gandaki Province, adding that programmes and policies in the budget should give high priority to agriculture, tourism, energy, education and health sectors.

Moreover, Subba urged the government to declare Pokhara as the tourism capital of the country through the upcoming fiscal budget.

Similarly, former prime minister Baburam Bhattarai, who is also a member of the Finance Committee, said the budget should introduce programmes and policies that drive the society towards the path to development.

“The budget should give priority to making optimum use of available resources, sustain the current economic growth and achieve growth targets,” he said.

Bhattarai opined that the fiscal budget should ensure effective collection of revenue and its mobilisation to create more employment opportunities in the country and expedite development projects.

Meanwhile, former finance minister and also a member of the Finance Committee, Surendra Pandey, said that the committee has been collecting insights on the budget from across every province. “We will compile all these suggestions and hand over the suggestion report to the government soon,” he said.

Other participants in the discussion said that the budget should not be populist in nature but should address key development and economic issues.



from Business – The Himalayan Times http://bit.ly/2GHolWR

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