Thursday, May 10, 2018

Budget principles and priorities lose focus : Bhattarai

Naya Shakti Party coordinator Baburam Bhattarai said that the principles and priorities of the budget for the next fiscal year presented by the finance minister Dr Yuba Raj Khatiwada in the House yesterday has lost its focus.
The budget should prioritise country's economic development, he said, commenting on proposal on principles and priorities of the Appropriation Bill for the fiscal year 2018-19 in the House meeting today.
Criticising the presentation of the finance minister as the continuity of past instead of prioritising development foundations, the former Prime Minister opined that the budget should incorporate agriculture, tourism, water resources, infrastructure development and education, apart from prioritising speedy construction of international airport, and run technical education.
Fee health insurance for farmers, making available of seeds, and managing irrigation are key, he said, adding that the government should allow the private sector to 'make profit but pay tax'.
Pitching for signing of Bilateral Investment Promotion and Protection Agreement (BIPPA) with other 50 countries, he remembered that Nepal signed BIPPA with India during his premiership. "We need to sign BIPPA with 50 more countries so that Nepal can attract more investment," he added.

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