Lawmakers from the ruling and opposition parties have been deliberating on various aspects of the annual estimates of income and expenditure (budget) for the upcoming fiscal year 2024-25 in the meeting of the House of Representatives, the lower house of the Federal Parliament. <\/p>\n\n\n\n
Lawmaker Rajendra Prasad Pandey of the CPN (Unified Socialist) said that there are contradictions in the tax system announced in the budget for the next fiscal year. He criticized the budget, saying it failed to put to an end the tax evasion situation and creating an environment wherein the tax-payers would be able to voluntarily pay tax.\u00a0 \u00a0 \u00a0<\/p>\n\n\n\n
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Stating that the budget has delineated a clear outline for the development of the energy and agriculture sectors, he said the Gandaki Economic Triangle connecting Bhartpur, Pokhara and Butwal will support in attaining the goal of economic growth. <\/p>\n\n\n\n
Budget is traditional and it does not address existing challenges: Lingden <\/p>\n\n\n\n
Lawmaker and President of the Rastriya Prajatantra Party (RPP) Rajendra Lingden described the budget for the next fiscal year as ‘traditional’, which cannot address the existing challenges of the economy. <\/p>\n\n\n\n
He also said that the budget has failed to infuse hope among the people and it has merely fulfilled the tradition. “There is no situation to make a leap ahead in the current situation of the national economy. The budget has not been able to generate optimism,” he said, adding it would be difficult to attain the goal of economic transformation with a budget based on ‘estimation, grant and loans’. <\/p>\n\n\n\n
Stating that the programmes should have been brought in a different manner, he said there is big gap between the current and capital expenditures in the current fiscal and the budget has made no efforts to reduce this gap.<\/p>\n\n\n\n
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