Addressing budget deficit concerns raised by various stakeholders across the country, Oli administration has given its nod to release of \u2018supplemented budget\u2019 to fill the gaps.<\/p>\n
This move is coming exactly one month after the government released its Federal Budget for FY 2018-19<\/a>.<\/p>\n The latest decision by Oli followed series of concerns raised by various leaders and lawmakers, who said the new budget is mandatory to execute many projects.<\/p>\n \u201cThe top leadership is of the view that other development programmes cannot be executed without a supplementary budget,\u201d says a Nepal Communist Party<\/span> (NCP) leader.<\/p><\/blockquote>\n As the reports say, Finance Minister Khatiwada had to face an intense pressure of his party and opposition party leaders to announce new budget for execution of their programs.<\/p>\n \u201cTraditionally, a finance minister does not announce supplementary budget overruling the budget that she\/he had previously announced, except in an emergency situation,\u201d adds the leader.<\/p>\n High-level discussions on the supplementary budget are going to happen after the BIMSTEC Summit<\/a> scheduled to be held in Kathmandu during August 30-31, 2018 and post completion of the party\u2019s unification process across local & provincial levels following a standing committee meeting on September 4-5, 2018.<\/p>\n Besides, NCP also plans to hold a standing committee meeting to track the status of federal governance in the country. \u201cThese meetings will also discuss the supplementary budget and ministers\u2019 performances,\u201d the leader added.<\/p>\n According to reports, the supplementary budget is likely to focus on national-pride projects and senior citizens welfare allowance.<\/p>\n The new budget is expected to be announced after Nepal Communist Party (NCP) Co-chairman Pushpa Kamal Dahal\u2019s separate bilateral visits to India and China during September 7-12 and September 17, 2018.<\/p>\n Also Read:\u00a0<\/strong><\/p>\n Addressing budget deficit concerns raised by various stakeholders across the country, Oli administration has given its…<\/span><\/p>\n\n