Finance Minister Bishnu Prasad Poudel has claimed that the upcoming fiscal year’s budget is realistic and expressed confidence that the government’s economic growth target will be met. Responding to queries raised during the deliberation on the Appropriation Bill in the House of Representatives, he stated that the current government has revitalized an economy that was previously sluggish.
According to Poudel, the budget’s approach to resource management and expenditure allocation is grounded in reality. He clarified that, except for certain exceptions, the federal government will not undertake projects smaller than Rs. 30 million. This policy aligns with the constitutional authority list, the task division report, and project classification guidelines.
Exceptions will be made for ongoing projects, payment liabilities, subjects under exclusive federal jurisdiction, and disaster management-related plans — which may receive allocations below Rs. 30 million.
He also stated that capital expenditure has been increased by 17% compared to the current fiscal year, while efforts are being made to reduce recurrent expenses and boost capital spending. Poudel assured that all ministries were given necessary instructions during budget formulation. Even if some projects below Rs. 30 million have been included, they will be implemented through provincial or local levels.
The minister reiterated that the 6% economic growth target set in the budget is realistic and within the government’s capacity. He also clarified various concerns raised in parliament regarding the structure and limitations of the budget.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
