Saturday, November 30, 2013

Recurrent, capital expenditure satisfactory: Finance Minister



The recurrent expenditure and capital expenditure are satisfactory by the end of fifth month of the current fiscal year, according to the finance minister Shankar Prasad Koirala.
Addressing the 16th anniversary of Society of Economic Journalists-Nepal (Sejon) here today, he said that the overall macroeconomic indicators are better.
"There are no hurdles to accelerate capital expenditures for the elected government," he said, adding that the incumbent government was formed with a sole purpose of holding second Constituent Assembly (CA) election on November 19, which it has completedly successfully. "The government has, despite limited authority, tried to improve economy also."
The new elected government will be able to boost development activities, he added.
Central bank governor Dr Yuba Raj Khatiwada, on the occasion, said that post CA election, economic stability will be a key agenda.
Koirala, on the occasion also awarded three economic journalists – Shiva Satyal of Rajdhani vernacular daily, Lokmani Rai of Kantipur vernacular daily and Kamal Parajuli of Ujjalo 90 FM – with cash purse of Rs 25,000 each for their news and reporting.

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