Nepali Times Asian Paints
From The Nepali Press
Incorrect priorities



The country's politics have always overtaken economic development as the priority issue for the government of the day. This has led to delay in presentation of the budget every year. This delay not only disturbs resource allocation but also obstructs timely implementation of projects. In the end, the country's development suffers. Not bringing out the budget on time means that the government will have trouble sourcing the funds and then spending them on development projects.

The government accumulates funds from internal and external sources. The delay in the budget means that the government will be unable to change the revenue policy in July and will have to continue with the previous rates. The chain effect is that the government will not be able to collect high revenues, and subsequent plans will have limited budgets. Getting the required aid from donor agencies will also be a problem if they are unaware of the specific projects they can fund on time.

The main problem will be in implementation of prioritised development programs. Even if the new budget is passed in mid-August, it is unlikely that the prioritised programs will be implemented even by the end of September. This will affect the entire process of development in the country.



LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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