Rs 140 bln plus for reconstruction, salary up by 25%, social security allowance double
Kathmandu, May 28: The government, in its annual budget estimates for the Fiscal Year 2016/2017, has allocated Rs 140.66 billion for the post-earthquake reconstruction efforts and rehabilitation operation.
Finance Minister Bishnu Prasad Poudel announced so while reading out the budget statement for the upcoming fiscal at the meeting of the Legislature-Parliament today.
Minister Poudel said that the government, underscoring the reconstruction operation, has allocated the amount after estimation on annual revenue and expenditure.
Stating that the need of the hour was to fight against poverty and backwardness which were against the social justice, Poudel asserted that the budget was aimed at attaining economic growth and prosperity.
The budget, first since the promulgation of new constitution on September 20, 2015, has been prepared after soliciting suggestions from the parliamentarians, according to Minister Poudel, who assured that that adequate budget has been allocated for implementation of federal structure as stipulated in the new constitution.
"The Government has allocated the budget in view of holding elections at all level as per the spirit of the constitution and to forge political consensus in local bodies to hold election at the local bodies by mid-December, 2016," according to Minister Poudel.
The government has announced 25 per cent hike in the existing salary of the government staffers.
Minister for Finance Bishnu Prasad Poudel made the announcement while unveiling the budget estimates for Fiscal Year 2016/017 at the meeting of the Legislature-Parliament here today.
The budget, first since the promulgation of the new constitution on September 20, 2015, has provisioned the increment as per the annual estimation of revenue and expenditure of the government for 2016/017.
The budget tabled last year had not revised the salary for the civil servants.
The government has decided to increase the social security allowance by hundred percent from the upcoming fiscal year.
According to the budget for the fiscal year 2016-17 that was presented by Finance Minister Bishnu Prasad Poudel at the Legislature-Parliament today, the social security allowance has increased by twofold.
Single women, senior citizens above 70, people from the marginalised community and fully incapacitated are entitled to the social security allowance. They are getting Rs 1,000 including medical allowance monthly.
Likewise, budget for 'Let Us Build Our Village Ourselves' programme has been doubled. The programme was first lunched by the CPN (UML)-led government in 2052 BS.
Similarly, the amount of the MP's Development Fund has been increased to Rs 30 million. As per the budget, journalists will be given 50 percent discount in medical treatment in government hospitals and house rent allowance for lawmakers has also been increased.
Nepal aspires to be a middle income country by 2030, but there is a lack of a clear vision to achieve it. The country needs to develop infrastructure...