KATHMANDU, July 22: The Parliament has disapproved the fiscal budget of 2073/074 BS. Three bills - Financial Bill, National Debt Recovery Bill and Debt and Guarantee Bill have been disapproved after the CPN (Maoist Center) stood against the government.

The budget bills have been disapproved by the Parliament through the voice vote.  With the budget bills disapproved, the government has automatically fallen into minority.

The Nepali Congress, CPN (Maoist Center) which has recently pulled out of the government and Madhesi Morcha have voted against the bills. 

Commenting on the budget bills, Nepali Congress (NC) lawmaker Prakash Sharan Mahat said the budget bill is not feasible and scientific and accused the government of not concentrating on the recovery of the revenue. Mahat added that the NC is not in favor of the budget bill in question.

Likewise, Maoist Center  leader Krishna Bahaur Maharat said the budget bills are not in favor of people.  “Our party is not in favor of the budget bills and will vote against the bills,” said Mahara.

Tharuhat Tarai Party Nepal lawmaker Gopal Dahit criticized the budget bills saying that they do not benefit the indigenous nationalities and those marginalized except few sections of people. He added that his party is against this bills.

Minister for Finance Bishnu Paudel defended the budget bills saying that the government has been able to collect Rs 482 billion revenue in a short span time. 

NC lawmaker and former Finance Minister Dr Ram Sharana Mahat said that the bill to national debt mobilization is unacceptable.