Discussion on appropriation bill continues

KATHMANDU, June 26: The pre-budget discussion on the principle of Appropriation Bill and its priorities for the Fiscal Year 2011/12 also continued on Sunday at the Legislature-Parliament meeting.



Taking part in the discussion, UCPN (Maoist) lawmaker Nanda Kumar Prasai said the budget should address the fundamental needs of people including food, shelter and clothing including education and health.[break]



Prasai said the budget should emphasize to strengthen the planned development and Democracy.



He suggested that the new budget should bring program to set up a factory for producing compost manure in the country.



Former finance minister and Nepali Congress leader Ram Sharan Mahat said this budget lacks priorities and theory of economy and warned of capital flight due to lack of the investment friendly environment in the country.



He said the budget has no plan to encourage more investments and to cope with energy crisis and stop high inflation. Mahat asked the government to increase investments in productive sectors as foreign currency reserves was deceasing in the country.



Also expressing views on the Bill were lawmakers Bhim Rawal of of CPN (UML), Tilak Rawal of Madhesi Janadhikar Forum (Democratic), Hridayesh Tripathi of Tarai Madhes Loktantrik Party, Arbinda Shah of Tarai Madhes Loktantrik Party, Nepal.

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