Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Today, the House of Representatives (HoR) is poised to convene at 11 AM, marking a crucial juncture as discussions unfold surrounding the principles and priorities of the Appropriation Bill for the fiscal year 2024/25.
This pivotal agenda item, excluding the tax proposal, is set to dominate the parliamentary discourse, drawing attention from lawmakers and citizens alike.
The anticipated deliberations stem from the submission of the principles and priorities of the Appropriation Bill for the fiscal year 2024-25 by Dr. Prakash Sharan Mahat, the outgoing finance minister. Dr. Mahat’s submission serves as a foundational document for the ensuing discussions, encapsulating the fiscal vision for the upcoming year.
Speaker Devraj Ghimire elucidated that the scheduled discussions on the appropriation bill were initially slated to commence on March 4th. However, recent shifts in the political landscape, including changes in power coalitions and cabinet restructuring, have necessitated a rescheduling of these crucial deliberations, resuming from today’s session.
In an additional agenda item, Minister for Federal Affairs and General Administration, Bhanu Bhakta Joshi, is slated to present the Federal Civil Service Bill, 2080 BS, adding another dimension to the legislative proceedings. The proposed bill holds significance in shaping the administrative landscape, potentially heralding reforms within the federal civil service structure.
The General Secretary of the Federal Parliament, Padma Prasad Pandey, released a comprehensive outline of today’s agenda, underscoring the paramount importance of the fiscal deliberations at hand.
As the nation grapples with economic uncertainties and developmental imperatives, the Appropriation Bill assumes a central role in charting the course for prudent financial management and resource allocation.
Against the backdrop of evolving political dynamics and pressing socioeconomic challenges, the HoR stands as a bastion of democratic deliberation, tasked with steering the nation towards fiscal resilience and equitable growth.
As lawmakers convene to dissect the intricacies of the Appropriation Bill, the eyes of the nation remain fixed on the outcomes that will shape the trajectory of the fiscal year ahead.
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