Finance Minister Dr Yubraj Khatiwada says budget has adopted goal of socialism
June 6, Kathmandu : The government has clarified that budget for the coming fiscal year 2019/20 has been allocated in order to fulfill the goal of socialism enshrined in the constitution.
Responding to the queries raised by lawmakers in today’s meeting of the House of Representatives (HoR), Minister for Finance, Dr Yuba Raj Khatiwada, said that the budget has addressed the norms and values guaranteed by the constitution and accepted that weakness could be seen on some issues as activities of fiscal federalism implementation were underway.
Minister Khatiwada said allocating budget worth Rs 800 billion in projects of national reconstruction and national pride was a mandatory responsibility and added that this responsibility has been adopted in the budget.
Minister stressed that the government was working to increase the development expenditure to the maximum amount and this problem would be addressed to a large extent after some years. He also expressed the government’s commitment to bring into operation and complete the projects that have already been started.