#news #Nepal #Budget #Economy
The recent appointment of a new Governor to the Nepal Rastra Bank has sparked controversy within the Nepali Congress party. Dr. Prakash Sharan Mahat, the party spokesperson, expressed concerns about the appointment, stating that it should not be delayed. The Bipin Chandra Foundation and the Parliamentary Research and Development Institute organized a special dialogue program on the topic of “Priorities of the upcoming budget,” where Dr. Mahat emphasized the need for a competent and non-partisan individual to be appointed as Governor.
Representing Kansai Nepal News, Ramesh Khatri shared his perspective on the matter, stating, “It is unfortunate for delays to occur in appointing a Governor. Someone who places the economy at the forefront and works impartially should be appointed as Governor.”
Dr. Mahat further highlighted the importance of a balanced and well-managed budget for the upcoming fiscal year, stressing the need for transparency in revenue and expenditure details. He also emphasized the importance of aligning budget planning with the country’s needs and priorities, particularly focusing on monetary and fiscal policies.
In their recommendations, Dr. Mahat suggested reducing administrative expenses to increase capital expenditure within the budget management. He emphasized the importance of ensuring revenue sources’ stability and aligning budget decisions based on prioritization.
Various leaders, including Deep Kumar Upadhyay of the Nepali Congress, emphasized the need for the upcoming budget to prioritize improving the country’s current economic situation. They stressed the importance of prudent use of resources, addressing increased expenditures compared to revenues, and focusing on budgetary reforms to address the nation’s economic challenges.
Former Governor of the Nepal Rastra Bank, Deependra Bahadur Kshetri, also advocated for ensuring the stability and suitability of budget sources, emphasizing the importance of a balanced and investment-friendly budget to address ongoing projects effectively.
In response to the current economic challenges, experts like Dr. Govinda Raj Pokharel and Dr. Pushparaj Kandel highlighted the need for policy and structural reforms to guide the economy in the right direction. They emphasized the importance of prioritizing investments in key sectors like education and agricultural production to drive economic growth.
Dr. Raghuraj Kafle, the Executive Director of the Health Insurance Board, emphasized the importance of addressing development indicators through the upcoming budget. He recommended enhancing social security measures and encouraging private sector investments to boost expenditure capacity.
Overall, leaders across different sectors stressed the significance of a well-informed and factual budget planning process. Haribol Bhattarai, the President of the organization, highlighted the need for spiritual wisdom and ethics in political leadership, while Rudra Sharma, the Secretary of the Parliamentary Research and Development Institute, emphasized the importance of realistic and fact-based budgeting practices.
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Author: MAYA | HARUTO
Posted at: April 25, 2025 3:02 am
