What I think of the budget 2073-74, Nepal.

Well, the Budget was decleared after a long long time on acurate time.

Other wise we have seen in almost all the past years,

That the budget was decleared only after the start of financial year.

It let to lot of problems in all the past years.

We would not be able to decide the new policies,

We would not be able to act for 2-3 months after the new budget just because, it came

After the financial year started.

So, this year,

We get the budget 45 days before the beginning of the financial year.

So how is it ??

Well,

When we used to do MBA, there were lot of people who would faff around.

They would not talk context, but kill all the time,

And the listeners would rate them great.

This is how, the new budget is.. !!

Government has just faffed !!

Nothing else.

Recently, I was in touch with a hospital to gift a dialysis machine.

Got to get the machine in Rs 10 lakhs.

The same machine was procured from the same hospital through tender in Rs 14 lakhs.

So, this is what is wrong with the budget.. !

They have come up with lot of projects, and studies,

Which will be repeated every year from now on..

More new declarations will come up in the next budget, or by the new government. .

The budget has increased the basic scales of govt employees, but I guess,

They already are earning more of black money, than the white money.

And the habit of having black money wont change any thing, even if you double the white money in one go..

The budget has given allotments to lot of fields, but they will only be spent in

Over tendering, or probably no tendering,

Because the competitiveness of the govt employees is actually very very bad, what ever you say.

They will destroy the public money..

So, what will this lead to ??

Lot of inflation as always.. !

What should they have done.. ?

First things first..

Only concentrate on 1 year activities..

Declearing 2 or 5 years plan on a budget is a useless thing.

Existing, roads, hospitals, projects need a massive ramp-up, and they are declearing

More projects..

We need massive revamp in tax collection system..

Nothing changed..

Lot of things can be done, but .. There is no will to do.. !

Anyways..

Employees are being un-taxed,

Only the customs tax is being concentrated.

What should we do ??

Don’t know, with this political setup, and administrative setup, I expect NULL , yes NULL improvement.. ! Only God can help Nepal !