The National Assembly has approved the ‘National Debt Mobilization Bill, 2083’ by a majority vote after clause-by-clause discussions in today’s meeting.
During today’s meeting of the National Assembly, the ‘National Debt Mobilization Bill, 2083’ has been passed by a majority. The bill was received from House of Representatives with a message, and it was put to vote for decision after a detailed discussion on different clauses.
Finance Minister’s Proposal and Clarification
Finance Minister Dr. Swarnim Wagle had presented proposal in the meeting to pass the bill without any amendments and send it back to House of Representatives. Before this, he had also proposed the bill for clause-by-clause discussion in the assembly.
Answering the queries raised during discussion, Minister Dr. Wagle said that government is fully clear about investing the debt money only in productive sectors. He assured that the suggestions given by members will be implemented properly.
Details of Nepal’s National Debt
The Finance Minister explained that country’s debt load have increased over last eight years, especially after Covid-19 pandemic. He said that government takes loans only for necessary works, and these loans will be used to meet government goals and pay back old debts. Currently, the state has a debt burden of around Rs 30 kharba, which is being managed overall by Public Debt Management Office.
Views from Assembly Members
Assembly members including Meena Singh Rakhal, Samjhana Devkota, Rukmini Koirala, and Somnath Portel participated in discussion. They pointed out that just raising debt is not an achievement. They suggested that there should be transparent distribution of funds and direct results must be seen in agriculture and energy sectors.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
