The caretaker government led by
Dr Baburam Bhattarai has come under fire from the former finance ministers for
its financial indiscipline and inefficiency.
They lambasted the government for
failing to crack whip on increasing price hike and corruption that have made
people's life more miserable but adding more financial liability to the government
that would destroy the remaining Public Enterprises and damage the financial
structure of the country.
According to former finance
minister Dr Ram Sharan Mahat of Nepali Congress (NC), the government has also
failed to create investment friendly environment that has pulled the industrial
output's contribution to the economy down.
The government has failed to walk
the talk and is trying to be populist with new programmes every couple of
months, he said, adding that the UCPN-Maoist party led government is doling out
the tax payers money to its party cadres without assessing its long term
implications, and prioritising the pressing issues of the country.
Similarly, another former finance
minister of CPN-UML Surendra Pandey said that the government inefficiency has
propelled the capital flight. The government has also failed to spend the
'one-third' development expenditure according to the special budget, he said,
adding that the caretaker government cannot bring the full-fledged budget
without political consensus.
"There is no check and
balance mechanism that can monitor the government's financial discipline. In
the last fiscal year only, the government has transferred Rs 38.67
billion," he added.
The caretaker finance minister
finance minister Barshaman Pun — due to lack of parliament — had brought a
special budget of Rs 161.24 billion through ordinance in July as an interim
public expenditure arrangement, largely focusing on election but not economic
expansion for the four months till mid-November. But the consensus that eluded
political parties since the Constituent Assembly's 'death' on May 27, has made
it difficult for the government bring the full-fledged budget.
"The government has to
create environment to form a national consensus government to bring the
full-fledged budget," according to Pandey, who also suggested the
bureaucracy to be more vigilant and careful as the next government will not own
any of the populist programmes that the incumbent government has brought.
Former finance minister Dr
Prakash Chandra Lohani of Rastriya Janashakti Party, agreed Pandey. "The
consensus government is key to bring the full-fledged budget," he said.
The government has been misusing
the taxpayers money by dolling it out to the UCPN-Maoist party cadres in the
name of self employment, he blamed.
Dr Bhattarai seems obsessed with
only populist paperwork rather than service delivery to the people as he has
brought another populist programmes today, which is a continuation of his
earlier programmes — on good governance and economic reforms — which had failed
miserably to deliver to the people
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