Kathmandu, August 10
Finance Minister Janardan Sharma says he will present a replacement bill to make changes to the budget plan for the ongoing fiscal year 2021/22 that the previous government had announced in an ordinance after dissolving the House.
Presenting a white paper on the national economy in the reinstated House meeting on Tuesday, Sharma said parties in the coalition government would discuss the issue and prepare a replacement bill thereby correcting the ordinance’s shortcomings.
He claimed the new bill would address challenges created by the Covid-19 crisis, people’s concerns as well as the common minimum programme finalised by coalition parties.
Sharma said the country’s government reserve is at a loss of Rs 143 billion. He criticised the previous government for increasing the budget size without considering sources of the revenues.