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Ignoring the UML’s slogan, the parliament moved forward

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KATHMANDU: SEPT. 20 – Ignoring the slogan of the main opposition CPN-UML, the HoR has focused on discussing and passing bills related to the budget replacement bill.

Amid UML’s sloganeering, the Appropriation Bill was passed by a majority on Monday. And the rest of the budget-dependent bills have been introduced in the HoR.

Amidst UML’s sloganeering, the proposal to pass the Appropriation Bill tabled by Finance Minister Janardan Sharma has been passed by a majority.

Similarly, Finance Minister Sharma proposed to consider the Fiscal Bill 2078. The HoR has passed the proposal to consider the Fiscal Bill 2078 by a majority. Now, within 72 hours, the parliamentarians will be able to register amendment proposals on Fiscal Bill 2078.

Speaker Agni Prasad Sapkota has fixed the time for the clause-wise discussion of the bill on Sept. 23. Similarly, in the HoR on Monday, Finance Minister Sharma presented a proposal to consider the National Debt Raising Bill 2078. In the HoR, Sharma’s proposal to consider the National Debt Raising Bill 2078 was approved by a majority.

Only NCP-N MP Prem Suwal participated in the discussion on the theoretical side of the bill. During the discussion, MP Suwal asked how much will the government borrow? He said that he should take action after investigating the issue of who took the loan and how much. How much electricity will a country rich in water resources buy from India? He said that Nepal has been incurring trade deficit even in electricity import.

He said that no action would be taken against the big companies for providing concessions to big industries and non-payment of electricity tariff on time. He said that foreign loans should not be taken and MCC money should not be taken. “Why should we become American brokers?” Is his question.

In reply, Finance Minister Sharma said that he had presented a plan to reduce the debt by Rs 37 billion. Finance Minister Sharma said that loans were needed for capital formation but there were plans to reduce them. He also said that priority has been given to areas including hydropower.