Kathmandu, Feb 26: The parliament is to commence in-principle discussions on the Principles and Priorities of the Appropriation Bill for the fiscal year 2081-82 BS from March 4.
In a meeting of the House of Representatives today, Finance Minister Dr Mahat presented a proposal specifying the need to discuss the principles and priorities of the Appropriation Bill (except taxation). The parliament is scheduled to commence discussions on the matters from March 4. As scheduled by Speaker Devraj Ghimire, the deliberations will be held on the principles and priorities of the Bill for seven days beginning on March 4 and concluding on March 17.
Office-bearers of parliamentary parties should register the names of lawmakers taking part in the deliberations at the Federal Parliament Secretariat one hour before the commencement of the session. The registration shall be made based on the political representation in the parliament.
In the meeting, Federal Parliament Secretary General Padma Prasad Pandey tabled the ‘bill relating to legislation, 2080 BS’ originated in the National Assembly. The bill was tabled along with the message received from the upper house.
The lower house shall meet again at 11:00 am on March 1. (RSS)
Earlier, Finance Minister Dr Prakash Sharan Mahat has said that the economy of the country is gradually progressing to a positive direction.
Presenting the proposal on the need to discuss the principle and priority of the appropriation bill for the fiscal year of 2081/82 BS at the parliament today, Finance Minister Dr. Mahat said that the economy of the country is progressing.
The Finance Minister clarified that economy was moving toward positive direction as a cumulative result of the simplification of process to create conducive environment for investment, regular discussion with the private sector, continuous efforts to make capital expenditure effective, flexibility adopted in fiscal policy, and the endevours made to create balance between fiscal policy and financial policy.
The production of electricity or power and increased tourism along with spiked foreign investment have impacted positively on the economy of the country.
FM Dr. Mahat said, “Making the process easy for creating the environment feasible for investment, regular discussion with the private sector, regular attempts to make capital expenditure effective, flexibility on fiscal policy, and balance created between fiscal policy and financial policy, are the reasons because of which the country is gradually moving towards a positive direction.”
He said that the collection of revenue has increased by 10 per cent and is estimated to grow more in the coming days.
He said, “Increase in the production of electricity, tourism, and foreign investment has contributed positively to the economy of the country. There is sufficient liquidity in the banking sector, interest rates have reduced towards one point, increase in deposit and credit flow. Progressing towards buying and selling of land and capital market. Foreign reserve condition and adequate foreign exchange rate has created a positive environment for the economy of the country.”
– TRN Online
