Budget violates fiscal discipline, concludes Nepali Congress

KATHMANDU: The main opposition Nepali Congress concluded that the budget for the fiscal year 2016/17 was brought by violating the fiscal discipline and it could not be implemented.

A joint meeting of the NC Parliamentary Party and Central Working Committee held at the Legislature-Parliament Building in Naya Baneshwor this morning concluded that the budget announcement would be limited to imagination as it had no policy and structural arrangements for the implementation.

On the occasion, leaders including Bimalendra Nidhi, Ram Sharan Mahat, Mahesh Acharya, Minendra Rijal, Prakash Sharan Mahat and Bharat Bhadur Khadka said that the budget would increase inflation and would leave a negative impact on the economy.

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Talking to the Rastriya Samachar Samiti after the meeting, leader Prakash Sharan Mahat said that the government would face challenges in course of implementing the budget as it would fail to collect resources from the sources mentioned.

Although issues of salary increase of employees and hike in room rent allowance for parliamentarians were good, the announcement in overall would increase general expenses and increase inflation, said leaders.

They also said that different programmes were included in the budget for cheap popularity. The budget lacked concrete base to control inflation and increase production, the leaders commented.

Leader Ramesh Lekhak said that the ambitious budget for next fiscal year could not be implemented as 20 per cent budget of the current fiscal year had not been spent yet.

Meanwhile, the NC demanded that Finance Minister Bishnu Prasad Paudel should tender his resignation on moral grounds as information regarding size of the budget and its priorities were disseminated a day before the budget was presented at the Parliament.