•      Sun Sep 29 2024
Logo

Nothing encouraging in budget: Nepali Congress



Dr Prakash Sharan Mahat (file)

Kathmandu, May 28: The main opposition Nepali Congress has said that the budget presented by the government for the next fiscal year 2081/82 does not have anything that would make the common people enthusiastic.

In response to queries from journalists about the budget presented today, NC spokesperson and former finance minister Dr Prakash Sharan Mahat said that it was unlikely that the budget statement would be implemented.

He said that the budget lacks prioritization of matters with no action plan to end the long-standing anomalies and aberrations.

The government has presented an estimate of its income and expenditure worth Rs 1860.3 billion for the coming year.

He further said that the government might have allocated a large portion of the budget in projects and programs that are ambiguous. It looks the budget one of distributive as the government has increased the budget ceiling by more than Rs 100 billion despite suggestions not to increase the budget.