Tuesday, May 25, 2021

Budget to come through ordinance

Kathmandu, May 24

Prime Minister KP Sharma Oli Sunday said that the budget of the coming fiscal year 2021/22 would be announced through ordinance.

Speaking with journalists at the PM’s residence, he said that the budget would be announced on the same date as mentioned in the constitution and would be read by the President as an ordinance.

"Budget will be designed in a responsible manner. The programmes, projects and policies that I had announced earlier would be included in the programme," he said, "But the main focus of the budget would be the control and treatment of COVID-19 pandemic."

According to him, major development programmes and projects would be continued but no new projects would be announced since the focus would be controlling the pandemic.

As the Parliament is dissolved as per the Article 76(5) of the constitution and the date of the election is announced, the government has no other way to announce the budget.

Finance Minister Bishnu Prasad Paudel has almost completed the new budget with priority to control COVID-19, infrastructure development and economic revival.

 Published in The Rising Nepal daily on 25 May 2021.

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