Kathmandu, May 23: Reconstruction of the quake-hit infrastructures would get priority in the budget for fiscal year 2017/18, Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara said.
At a discussion programme on the new budget organized by the Ministry of Finance with the Society of Economic Journalists-Nepal (SEJON) today, DPM Mahara said that economic growth rate rebounded this year as economic activities were brought into operation by maintaining political stability.
“Capital expenditure would reach up to 84 per cent till the end of the current fiscal year, which is more than the last fiscal year. Achievements were gained as there was no difference among the political parties in economic issues. Like this year, the opposition would be taken into confidence in the upcoming fiscal year too,” Mahara added.
Likewise, Secretary at the Ministry Dr Shantaraj Subedi said that the budget, whether full or partial it is called, would be unveiled on Jestha 15 or May 29.
“The National Reconstruction Authority (NRA) itself is given responsibility to fix the topic of the budget given to the NRA in the upcoming fiscal year. Finance Ministry is not an obstacle to reconstruction. The NRA is given Rs 72 billion with authority to distribute. Expected outputs were not obtained due to tough mechanisms to distribute the amount,” Dr Subedi said.
The Ministry said that the NRA was given 26 per cent of the total capital expenditure but only four percent is spent so far. Likewise, the local levels would be given the budget in grant as the recurrent expenditure.
On the occasion, Mahara unveiled the Mobile Apps on budget prepared by the SEJON.
SEJON’s Chair Gokarna Awasthi said that entire information on budget would be availed in the Apps. RSS
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