Finance Minister Dr. Yuba Raj Khatiwada (Republica file photo)
KATHMANDU, Jun 3: Finance Minister Dr. Yuba Raj Khatiwada claimed that the budget is in favor of all-round developments of the country which will help lead the country toward socialism through prosperity.
Addressing the concerns raised by the lawmakers in the Federal Parliament today, Finance Minister Khatiwa said that the budget has been distributed and allotted to Federal, Provincial and local units as per the revenue sharing formula suggested by financial experts.
Khatiwada further said that the budget has clear-cut objectives and is aimed at increasing workers’ efficiency by improving their health and education.
Khatiwada further said that the budget aims at increasing 8% income growth, which means half percent hike in the income of the workers. “This will create around 400,000 new jobs in the country.”
According to him, the budget prioritizes production and respects labor, thereby creating more jobs.
Curbing corruption and bad governance, the budget will help lead the country toward socialism based on democratic norms and values, he said.
He assured that the government also will work with private sectors and cooperatives to boost economic growth in the all Federal, Provincial and local levels, said Khatiwada.