Finance Committee directs govt to work for passing pending budget bills

KATHMANDU:  The Finance Committee of Parliament directed the government to initiate the process to pass three bills related to the annual budget statement, currently pending in the Parliament, in a political consensus.

The Parliamentary committee's meeting held at Singha Durbar on Thursday instructed the government to endorse the Finance Bill, the Bill to Raise Domestic Debt and the Loan and Guarantee Bill.

The Committee Chairman Prakash Jwala said that the Committee had issued such directives as delay in passing the bills would affect the country's economic cycle.

During the meeting, Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara assured to endorse all the bills soon in political consensus.

The bills had failed to get endorsed from the legislative body earlier as the then ruling coalition partner CPN Maoist Centre withdrew support from the government and filed a no-confidence motion.

The party had voted against the bills while they were put to vote just before the no-confidence motion against the then PM KP Sharma Oli was discussed.