Nepali Congress, the second largest party in parliament has stressed the need to complete the peace process before the promulgation of the new constitution. The parliamentary party meeting of the Nepali Congress, held in Kathmandu today also discussed issues relating to political deadlock in the formation of the new government and passage of a full budget in parliament.Talking to newsmen in Kathmandu this afternoon, party spokesman Nabindra Raj Joshi said the meeting expressed deep concern over the delay in passing the budget for the current financial year that has led to severe financial crisis in the country. He said the meeting urged the care-taker government to forge consensus among the political parties to ensure passage of the budget.The care taker government has been spending money from an interim budget approved by the parliament before the beginning of the current financial year in mid July that has already completed four months. The government will run out of money if the parliament fails to approve a new budget full budget before 16th of this month.AIR correspondent C.K. Dorjee reports from Kathmandu that the delay in forming a new government even after fifteen rounds of voting to elect a new Prime Minister has severely affected the economy halting the passage of a full budget and developmental projects. While the ruling parties are in favour of tabling the budget, the opposition Maoists insisted that only a new government can pass the budget with its policies and programmes. The provisional announced by the caretaker government in July, runs out in the middle of this month. That partial budget was expected to be followed by a full budget after the formation of a new government. There are serious differences among the political parties on the passage of the budget. The caretaker government has been insisting it will have a full budget by mid-November. The Maoists have been however threatening to obstruct it, say the move would breach the rights of a caretaker government. Nepal's economic growth, hit by years of conflict and political turmoil, fell to 3.5 percent in the fiscal year that ended in mid-July, down from 4 percent in the previous year.
News On AIR | November 2, 2010 8:14 PM
Nepal Cong. expresses concern on delay in passing the annual budget due to ongoing pol. crisis