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Rs 10 billion budget freezed during last fiscal year: Secretary

KATHMANDU:  Finance Secretary Krishna Hari Banskota has said Rs. 10 billion has gone on freeze in capital expenditure due to lack of systematic plan in the last fiscal year.

He said this at a press meet organized by the Inland Revenue Office Biratnagar. He said Nepal’s situation is not pessimistic as Nepal’s growth rate was 4.6 as compared to 3.2 of the world last fiscal year.

He also informed that revenue has been collected as per the target in the last fiscal year. Secretary Banskota said the one third budget will   suffice for three months and there is no alternative to a full budget on consensus.

He said there will be no lack of amount in the projects of national pride and informed that Nepalese average lifespan has reached 67 years and per capita has been Rs. 57,726 per year.

Meanwhile, Secretary Krishna Hari Banskota inspected the Biratnagar Customs Office on the Nepal- India border today.

He acquired information on the facilities to be received by the clients, infrastructure and revenue collection, among others and directed the employees to work honestly.

Chief of the office Binod Bahadur Kunwar said more revenue was collected this fiscal year than in the past.
The office had collected 11.34 billion as against the target of Rs. 10. 86. RSS

Published Date: Sunday, July 29th, 2012 | 05:41 AM

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