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Full budget through consensus: Pun

KATHMANDU: Finance Minister Barsha Man Pun has said that preparation to unveil a full-fledged budget is on full swing.

The full-fledged budget would be presented by drawing up minimum common economic agendas based on a consensus among all the political parties, Minister Pun added.

At a pre-budget discussion with the office-bearers and members of the Confederation of Nepalese Industries (CNI) here on Sunday, he expressed the belief that the government would come up with a full-size budget. ‘Preparation to bring full budget by incorporating aspirations of all political parties is in the final stage’, he said.

Foreign investment could be drawn well if consensus among major political parties was forged on economic agenda, he said, expressing the hope that the government would make investment-friendly environment through the full-size budget.

Making it clear that the regular programmes would not be changed in this year’s budget, he said, ‘Budget would give continuity to hydropower, tourism, infrastructure and agriculture sector’.

Finance Secretary Krishna Hari Baskota pledged to incorporate positive recommendations provided by the CNI office-bearers in the upcoming budget and added that the budget would come in favor of industrialists and entrepreneurs paying tax to the state regularly.

Clarifying that the government has not collected tax unnecessarily, he said, ‘The dependency of the State will increase if tax amounting 20 per cent of the Gross Domestic Production (GDP) was not collected’.

Participating industrialists urged the government to bring full-scale budget on time, stressing that consensus on economic agendas should be made with political parties to draw foreign investment.

CNI Acting Chair Narendra Kumar Basnyat said it is the foremost need to increase the limit of development budget to speed up economic growth. RSS

Published Date: Sunday, July 1st, 2012 | 04:50 AM

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