FM expresses hope that budget will be passed
Friday, 23 October 2009 10:19
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Finance Minister Surendra Pandey on Thursday said that the government believed that the Maoists would allow parliament to endorse the budget for the current fiscal year.

Due to continuous obstruction of parliamentary proceedings by the Maoists, the government has failed to pass the budget.

This has prevented the government from paying the salaries of the ministers. No government agency can spend more than one-third of the allocated budget until the budget is passed by parliament as per the Advance Expenditure Bill.

The bill is endorsed by parliament on the day the budget is presented which allows government agencies to spend a third of the budget until it is passed after discussion at the house. The government has got approval to spend Rs. 85.49 billion as per the passed bill.

“If they (Maoists) continue to stifle the parliamentary process, their combatants in the UN-monitored camps, along with civil servants and parliamentarians, will also suffer,” he further said while addressing an interaction program held in the capital.

Pandey also said that the government was facing pressure on recurrent expenditure (salary and operation cost) not in the development expenditure. nepalnews.com

 


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