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Nepalese experts express doubt over budget implementation

Xinhua, July 15, 2015 Adjust font size:

Former ministers and experts have expressed doubt over the implementation of the national budget for fiscal year 2015-16 unveiled by the Nepalese government on Tuesday.

Though the budget of 819 billion Nepalese rupees was deemed " balanced" and received warm welcome for its special focus on reconstruction of the quake-stricken infrastructures, the former ministers and experts have raised suspicion over the implementation by the authorities.

Talking to Xinhua on Wednesday noon, former finance minister and economist Dr. Prakash Chandra Lohani said, "The only thing that matters is the implementation of the fiscal budget. There are many doubts as the past budgets lack full implementation."

For many years the government has been failing to finish development projects it proposed because ministries and other government institutions lack the capability to implement the plans.

In the first eight months of the last fiscal year, the government had only spent 17 percent of the total development budget.

Former Energy and Foreign Minister Dr. Prakash Sharan Mahat told Xinhua that the budget is quite balanced as it has included things from reconstruction to infrastructures development, social security to agriculture. "It has also boosted the morals of the private sector."

Mahat, however, also stressed the importance of increasing the implementation performance and holding government ministries responsible for relevant projects. Endi