·
The total
cost of the second CA election scheduled for November 19 is estimated to come
around Rs 40 billion, of which half of the expenses will have no record/source
to trace.
·
The
government – in the budget for the current fiscal year 2013-14 – has allocated
Rs 16 billion for the second CA polls.
·
The EC has
allowed a candidate under the FPTP system to spend up to Rs 1 million, while a
PR candidate can spend Rs 75,000.
·
A total of over
Rs 6 billion will be spent by the 6,128 FPTP candidates only, if the parties
and candidates abide by the election code of conduct which is less likely due
to cut-throat competition among the three major parties.
·
Nepali
Congress that did not get chance to go the power after the first CA election in
2008 has provided Rs 500,000 to each of the 240 First Past The Post candidates
making it a total of Rs 120 million.
·
But
UCPN-Maoist and CPN-UML that were both in the government twice have no derth of
funds and of the 122 parties contesting the election, some of the parties have
enough resources, though without source, that could pump some Rs 20 billion in
the market due to rising election costs.
·
The
excessive money supply in the market will push the inflation up to over two
digit against the government and central bank's estimation of eight per cent.
·
The election
expenses have shot up also due to adverse security situation, rising inflation,
depreciation of Nepali rupee, pay hike for election officials, deployment of
the Army, recruitment of the temporary police force and the cold weather
conditions in the mountain districts during the pool month.
·
Though Rs
2.15 billion was spent for the security in 2008, the Finance Ministry has
already allocated Rs 7 billion for the security, according to the ministry, and
the Army has also demanded Rs 3 billion for its security arrangements.
·
In the last four years till
2013 May 28, after the first CA election in 2008, some Rs 91.26 billion was
spent by the Constituent Assembly (CA) that failed to deliver the Constitution.
Each CA member pocketed Rs 7.2 million in four years, which means the failed CA
cost Rs 3,323 per Nepali.
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