Sunday 17th October 2021

Nepal’s Financial Future Uncertain as Oli Administration Exits Scene

The Himalayan nation gets a new Prime Minister after a lot of drama
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Nepal’s Financial Future Uncertain as Oli Administration Exits Scene

The future of Nepal’s fiscal year 2021/22 is now uncertain as Sher Bahadur Deuba has replaced Prime Minister KP Oli. The budget was introduced by Oli administration’s Finance Minister Bishnu Poudel.

Poudel put forth a budget of NPR 1.647 trillion through an ordinance. Since then, the ambitious budget has hit roadblocks of sorts.

It has now hit the biggest roadblock as the administration which introduced it is no longer in charge of its implementation.

 

Finance Minister Bishnu Poudel

It is nebulous whether the new Prime Minister will go ahead with this budget and whether he would choose to implement the budget by clearing the legal hindrances.

However, judging by the signs, Sher might not revive the predecessor’s budget plan as all the ministers and staffers who worked for the Oli administration have been ejected from their posts.

Sher Bahadur Deuba

From Attorney General Ramesh Badal to secretariat expert Bishnu Rimal, various people have been relieved from their official positions.

Security has been increased at Budhanilkantha as Sher takes charge as the Prime Minister of Nepal. Sher will head to Baluwatar after a short period.

Stay Tuned to NepaliSansar for Latest Nepal News Updates!


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