PM Prachanda emphasizes production and employment focused budget

Kathmandu, March 27: Prime Minister Pushpa Kamal Dahal has emphasized a budget that spurs production and employment in the country. He directed the ministers and secretaries to shed the traditional trend of budget making.     

During a meeting held at Singha Durbar on Wednesday to estimate resources for the coming budget, PM Prachanda reminded subordinates to prepare budget that generates hope. "There are two schools of thought on budget making- traditional and innovative. I'm for an innovative one that is ready to face challenges and ensure results. We can frustrate the narrative of 'nothing possible'. I'm determined to do something new," he underlined in the meeting.     

According to the PM, the traditional school believes that the economy is under pressure, while the new one believes there is chance to do something new despite challenges.     

The PM further viewed State is the ultimate place for people's protection. When it is in crisis, State's role is warranted more. So, we can give newness to budget which restores public trust in the government. Any country's success lies in showing hope to people, he added.     

"Make extra efforts to increase revenue. Expansion of the tax net and control of revenue leakage is imperative. Special initiatives are need for more capital spending. Prioritization of project and continuation of good works are equally important while formulating budget," PM Prachanda reminded ministers and secretaries.     

Utilization of budget for production and job creation is our urgency. The projects dragged on without result can be wiped out, the PM suggested.     

On the occasion, Finance Minister Barsha Man Pun also seconded the PM that budget should focus on areas that boosts the economy.     

The meeting was also attended by the Vice Chair of National Planning Commission, Chair of National Natural Resource and Fiscal Commission, the Chief Secretary, ministry secretaries, and other officials. (RSS)