National Assembly passes budget-related bills

Finance Minister Janardan Sharma presents a proposal at the meeting of National Assembly in Federal Parliament building in New Baneshwor, Kathmandu, on Friday, July 1, 2022. Photo: RSS

KATHMANDU: The National Assembly today passed three separate bills related to the budget for the next fiscal year, amidst the boycott of the main opposition party, CPN (UML).

The Upper House of the Federal Parliament passed the Finance Bill, 2079 BS, the Bill to Mobilise National Loans, 2079 BS and the Loans and Guarantee (Twenty-fifth Amendment) Bill, 2079 BS.

A meeting of the National Assembly passed by a majority a proposal presented by Finance Minister Janardan Sharma seeking the Upper House to pass the budget-related three bills that have been received by the National Assembly with the message from the House of Representatives.

These bills passed by the Upper House have been sent to the House of Representatives, the Lower House, along with the message.

The Lower House will have to endorse the bills.

UML lawmakers today boycotted the meeting blaming that the tax rates in the budget were manipulated in collusion with an unauthorised person a day before presenting the budget in the parliament.

UML lawmakers exited the assembly hall saying they were not taking part in the discussions on the topics related to the Finance Bill.

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