Top Stories»
Budget session begins, put off
KATHMANDU, JUL 05 -
The budget session of the Legislature Parliament began on Monday amid the ongoing standoff between political parties over the formation of a new government.
Apprehensions were rife that the UCPN (Maoist) could disrupt the House session. However, the Maoists have decided not to obstruct the same after Prime Minister Madhav Kumar Nepal announced his resignation on Wednesday.
Speaker Subas Nembang read out a letter sent by President Dr. Ram Baran Yadav in the House and announced the beginning of the monsoon session of the Parliament.
The government will bring in its annual policies and programmes and the budget for the fiscal year 2010/2011 in this session.
However, the presentation of the government’s policies and programmes and the full-fledged budget has been delayed following the resignation of the prime minister.
The three major political parties have agreed that the new government will introduce the policies and programmes and the budget in the House.
The incumbent government has decided to table a special Bill for an advance budget in the session to avert a crisis that may occur from the failure to bring in the annual estimates of revenues and expenditures by July 16. The special Bill will authorise the government to spend an amount not exceeding one-third of the total expenditure of the fiscal year 2009/2010 in the upcoming fiscal.
In Monday’s session, Nembang read out the letter sent by the office of the President informing the approval of the resignation of the prime minister. The speaker also informed the House that the president had certified three different acts — Far Western University Act 2010, Mid-Western University Act 2010 and Agriculture and Forest Science University Act 2010—passed by the winter session of Parliament.
The monsoon session has been put off until July 11. The government is preparing to table the economic survey in the House in Sunday’s meeting. An official at the Parliament Secretariat told the Post that the special Bill on the advance budget is likely to be presented in the House on July 12.
Posted on: 2010-07-06 07:59
Headlines
Advertisements
