KATHMANDU, MARCH 26

Nepali Congress lawmaker Shekhar Koirala has said political consensus is inevitable to solve the economic crisis. Koirala urged the government and political parties to move forward by establishing political consensus to reduce futile expenditure in order to solve the economic crisis in the country.

Speaking at special time in the House of Representatives meeting today, Koirala made it clear that there was no other option for the political parties, including the Parliament, the government and the opposition, but to stand together to strengthen the country's economy and work according to people's expectations.

He also suggested Prime Minister Pushpa Kamal Dahal to pledge not to allow all the ministers to go down morally in order to avert the crisis seen in the country's economy.

Koirala mentioned that he had held serious discussions with economists, traders and industrialists about the economic crisis in the country. He also urged political parties to move forward together to deal with the economic crisis. He said, "Now we have no choice but to move forward to address the concerns of the citizens by standing together in accordance with the people's expectations. Due to our weakness, the aversion to federalism and provincial structure has risen.''

He also emphasised the need to reduce futile expenditure to build a robust economy. Koirala said, "Let's move forward by establishing political consensus towards reducing unproductive expenditure based on the reports submitted by various working groups to reduce waste expenditure from time to time for the country's strong economy."

"The path to prosperity can be set by addressing the economic crisis that has emerged in the country with the support of citizens and the Parliament. It is not enough for the prime minister to demonstrate willpower for this. The entire Cabinet should be able to take a vow not to let it go down morally," he said.

Koirala further said, "Socialism does not come from the foundation of corruption. Creating a just society requires the same kind of thinking and approach.

It is necessary to win the trust of the private sector to keep the economy afloat through common decisions and efforts.''

He alerted the government to learn lessons from the banking problems seen in Europe and America and move forward in consultation with experts.

A version of this article appears in the print on March 27, 2023, of The Himalayan Times.