Finally, here is an interesting update regarding the formation of the new Nepali Government led by the Left alliance.
In a recent update, the formation of the new Nepali Government has been postponed to March 2018 post to the completion of National Assembly elections.
This was announced after a cabinet meeting on January 05, 2017 to discuss about the upcoming Assembly election.
Clearing the confusion over PM candidate, the recent announcement also informed that Khadga Prasad Oli would most likely be the next Nepali Prime Minister for a period of two-and-a-half years.
Following Oli, another key PM candidate of the left alliance Pushpa Kamal Dahal is likely to rule for the other two-and-a-half years of the term.
This update is coming at a time when the global Nepali community is waiting for the announcement of new government that was earlier planned at the end of December 2017.
While the constitution promulgated in 2015 called for the formation of new Nepali Government by mid-January 2018. However, political analysts feel that the constitutional deadline would be missed this time.
That is obvious because the Upper House is yet to be formulated. The Lower House is yet to be completed,” says Dr Surendra KC, a Kathmandu-based political analyst.
According to the analysts, delay in submission of final election results to the President’s office is resulting in the postponement of the new government formation.
Meanwhile, the National Assembly elections are scheduled for February 07, 2017.
The upcoming National Assembly election will see the election of 56 members including eight representatives each from seven provinces of the country.
And, the remaining three representatives will be directly selected by the President upon the government’s recommendations.
Expecting a decent revenue growth, the Government of Nepal is looking at Rs 1,570 billion budget for the coming fiscal...