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A New Budget For Three Months
By KTM Metro Reporter
April 10, 2013: Finance Minister of the Interim Election Council has read out a new budget for the remaining three months of this fiscal year 2012 after the president issued three-budget-related ordinances: budget ordinance, economic ordinance, and national bond ordinance.
According to the Finance Minister, the budget has focused on the elections to a new Constituent Assembly, and has been for making resources available to the nationally important projects. He said in his budget speech that the projects could use the money within ten days of authorization of spending the money.
The Finance Minister also said that he wanted to attract the private sector to the hydro-electricity projects. The private people wanted to invest in any projects including large infrastructures such as fast-track highway, international airports and so on but every government including the Baburam-Bhattarai government had been the strong obstacle to the private investment. Dr Bhattarai did not allow opening the construction of the Kathmandu-Hetauda fast track highway.
For the 240 years, the dynastic rulers did not allow anybody to engage in other businesses rather than the agriculture. Whatever small things Nepalis produced, the rulers used for their luxurious lives. They never allowed the private sector to flourish. The economic heritage left by the dynastic rulers had been poverty and destitute.
The tendency of the government controlling everything has not died out even after the demise of the dynastic rule and the advent of the republic. The rulers believed that they were the bosses not the service providers. This concept of the rule over the people had been the stumbling block to the prosperity of the people.
