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Stakeholders Criticize ‘Populist’ Budget

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Stakeholders Criticize ‘Populist’ Budget
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May 9: Stakeholders have urged the government to announce an implementation-oriented budget instead of a populist one, arguing that the government announces a massive budget every year but fails to implement it.

Speaking at a meeting of the Finance Committee of the Federal Parliament on Wednesday, former prime minister Baburam Bhattarai said that the current government has been criticized a lot in the past one year after courting numerous controversies.

“This is why the government intends to introduce a populist budget and the recently-announced policies and programs clearly indicate the same,” said Bhattarai.

Bhattarai suggested to the government to introduce a budget focused on achieving the economic growth target.

Similarly, former finance minister Gyanendra Bahadur Karki said that the government intends to hoodwink the public by announcing a populist budget.

Meanwhile, former finance minister Surendra Pandey said that the government needs to amend the Public Procurement Act as it takes years to complete a single project under the existing provisions of the law.

 

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