Kathmandu, May 29
Finance Minister Yuba Raj Katiwada has commented that the proposed budget plan for the next fiscal year 2020/21 is smaller in size, but it was presented after careful consideration of the present condition.
Speaking at a virtual press meet on the budget, Khatiwada said that in the present situation, the government’s priority was to focus on the protecting lives of people, adding that the budget would empower the country in the future by creating new opportunities.
“To take a leap, one has to take a step back. The 4% decrease in the budget is to focus on increasing the coronavirus outbreak in Nepal. We will garner a lot of strength and lay a foundation for the coming years,” he added. The budget allocations for the provincial and local governments would be continued, he affirmed.
Calling it a game-changer, he added, the budget had carefully considered the economic impacts the pandemic caused in different sectors with a special focus on health and education. The budget is capable of creating 700,000 to 800,000 jobs in the year, he claimed.
