budget fy2018/19
Experts take on budget fy2018/19
Budget directed toward increasing agri productivity
- Yamuna Ghale, Agriculture, food, and gender analyst
I see the budget in a positive way. It emphasizes on agriculture by highlighting the government’s plans to prioritize organic farming, quality control of edibles and agricultural products along with establishment of agricultural knowledge centre at provincial level. The government has also prepared a budget that is more directed toward increasing agricultural productivity. Moreover, the budget is based on the policy and programs that the government brought earlier. So, this reassures us that the government will work on the ideas and policies that it put forward before. The government has also given emphasis to women entrepreneurship and empowerment by reducing duty and taxes. The budget has allocated funds for local and provincial governments as the local authorities are more aware of the existing problems and requirements of their respective areas. It seems that the government is focusing on proper decentralization of power and also funds.
Continuation of Constituency Development Fund not a wise move
- Uma Shankar Prasad, Associate Professor at TU
There are both strong and weak aspects of the budget. Firstly, the decision to provide Rs 40 million to Parliamentary Development Fund is not a good idea. Rather, more money should have been allocated for local and provincial governments. Also, the target to achieve 8 percent economic growth rate does not look gettable. Regarding the plus points of the budget, the government has emphasized much on employment by introducing Prime Minister Employment Program. Furthermore, the government is much focused on progressive taxation system.
- Bhawani Rana, President of FNCCI
I believe that the budget has equally prioritized agriculture, energy, infrastructure and tourism sectors. It has given special emphasis on minimizing imports and has also pledged to help expand sugar, cement and iron rod industries to name a few. The budget is also aimed at providing skill-based training to the unskilled which can create new job opportunities. Also, it is more focused on industrial development of the country for the budget has pledged to clear the hurdles of starting businesses and industries that are currently into play. We are yet to analyze the effect of new tax policies that the government is bringing from the next fiscal year. Establishment of industrial estates and centers is set to help expand the country’s manufacturing sector. The government seems equally focused on building infrastructure related to tourism and transform agriculture by modernizing it.
Implementation holds the key
- Surendra Labh, Professor at Ram Swaroop Ram Sagar Multiple Campus
I would say that the budget is not so bad. Upon first look, I see that the bud
Budget more inclined toward meeting people’s basic needs
- Sumitra Amatya, Former member of the National Planning Commission
The budget looks very balanced. However, something that concerns me is the fact that the budget emphasizes more on transportation and energy sectors. It does not seem as focused toward infrastructure developme
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