KATHMANDU: Opposition parties have suggested that the government’s budget for fiscal year 2021/22 could be perceived as populist slogans aimed at the election rather than real implementation.
They argued that there was no practical basis for boosting the economy and collecting revenues in accordance with the budget’s expectations.
Dr. Minendra Rijal, head of the Nepali Congress, accused the government for mentioning populist schemes aimed at gaining votes for the ruling party.
It appears that the budget has laid the groundwork for an election, which is not feasible at this key juncture in COVID-19, according to Rijal.
There are no dedicated systems in place to combat pandemics, he added.
Similarly, CPN (Maoist Centre) leader and former Finance Minister Barshaman Pun stated that the budget was submitted in an unlawful manner because an ad hock government cannot publish a full phase budget save for administrative expenses.
Pun went on to say that the programs included in the budget are excessively populist and not feasible.
Former governor of Nepal Rastra Bank Dr Deependra Bahadur Kshetri remarked that the budget was brought targeted at appeasing all rather identifying the necessity.
Capital spending has been reduced by 1.5% compared to the previous year’s budget, which appears to be aimed to reduce developmental spending.
The oppositions have doubted about the implementation of the budget. As the House of Representatives (HoR) is dissolved, the budget is presented by ordinance.