— Dr. Narayan Khadka

Dr. Narayan Khadka is the former vice chairman of the National Planning Commission (NPC). A central leader of the ruling Nepali Congress (Democratic), Dr. Khadka spoke with SANJAYA DHAKAL on the upcoming budget. Excerpts:

How do you evaluate the performance of the current budget?

The current budget was prepared by a nominated government. The major failure of the government was the inability to make development expenditure. Although it targeted to make development expenditure of Rs 40 billion, it could hardly spend Rs 30 billion. Besides, the assessment of impact of this expenditure is yet to be made. Revenue collection was satisfactory. High remittance and good monsoon also helped. Because we have an urban-based economy, we could witness macro-economic stability.

What should be the priorities of the new budget? Does the common minimum program also have some points regarding economy?

Basically, it has to target the poverty alleviation programs as well as the rehabilitation of displaced persons and victims. Peace and polls are the primary priorities of the common minimum program. The new budget should provide relief to the people and focus on reconstruction of destroyed infrastructure.

What do you think would be the major challenges before the new Finance Minister?

Since the government is going to be an all party one; a particular Finance Minister might not be able to engage in extensive reforms. He will have to follow programs that are agreed upon by all and sundry. The task will be really challenging.