Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The government has tabled Appropriation Bill, 2078 BS in the National Assembly today today, a day after it was passed by the House of Representatives with majority votes.
Secretary of the Parliament Secretariat Rajendra Phuyal reportedly tabled the bill before the NA session on September 21.
Once the bill gets passed from the both Houses, it will be presented to President Bidya Devi Bhandari for authentication. It shall come into effect once the Head-of-the-State authenticates it.
This will pave way for the government to spend the new budget, as it had been unable to spend the budget since September 16.
The government is preparing to resolve the issue as soon as possible as it has been facing legal hurdles to spend the budget. In this context, the Appropriation Bill has been presented in parliament to replace the budget brought through an ordinance by the previous budget.
Amid UML’s obstruction, Finance Minister Janardan Sharma had tabled the Finance Bill, Appropriation Bill and National Debt Raising Bill on September 11. The government had amended the previous government’s budget, scrapped some projects and reduced the size of the budget as well.
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