Stating that Nepal needed a result-oriented development plan, Dr Chandramani Adhikari, the member of NPC, shared that the Commission was in consultation with the concerned ministries for the same.
Dr Adhikari, in an interaction programme organized here by Media International, spoke of the need to determine programmes and the budget ceiling as per the issues of national priorities.
Yubaraj Bhusal, a former finance secretary, opined that since the election of the local bodies was not held for long, the government has been ignorant regarding the amount and the sectors needing more budget.
Arguing that the government had not been able to allocate adequate budget for agriculture sector in the country, the former finance secretary underscored the need to formulate a specific policy for the effective use of budget for the same sector.
Similarly, Dr Baikuntha Aryal, Chief of Budget Division in Ministry of Finance, shared that capital expenses this year increased by 47 per cent compared to the last year. He further shared that of total budget ceiled for development for this fiscal year, only 20 per cent has been spent as of now.
Likewise, Kumar Karki, Chairperson of Nepal Business Association, pointed out the need for a monitoring body to observe whether the development budget was being spent or being frozen. RSS
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