Former Prime Minister and Chairman of the Maoist Center Pushpa Kamal Dahal has claimed that the economy is constantly weak. Speaking in Parliament on Thursday, Dahal accused the government of promoting informal and illegal means of weakening the national economy.
The government will not be able to meet the current year's expenditure and revenue targets. This is not an accusation made by the opposition, it is a review conclusion of your Ministry of Finance. The trade deficit, which decreased by 2.6 percent six months ago, has increased by 4.4 percent to 7 trillion 23 billion during the six months of this government, he said, adding that remittances, which increased by 22.2 percent in the six months of last year, are only 4.1 percent in the same period of this year. Although the number of young people going for foreign employment has increased, the remittance inflow has decreased. This shows that the government is advancing in the direction of weakening the national economy by promoting informal and illegal means.' Prime Minister Dahal said that workers and workers have only received a 2.85 percent increase in their wages, but the rate of inflation has reached almost 30 percent.
'Six months ago, loans flowing from banks and financial institutions were increasing by 2.6 percent, now it has decreased to 1.2 percent. Deposits which increased by 377 billion under my leadership have decreased to only 239 billion after the formation of this government. I have a question for the Prime Minister - does this data show that the trust of the common people towards the financial system has decreased or increased?', he adds, 'Until now, the overall capital expenditure is only 16 percent. This is not the accusation or speculation of the opposition, it is the report of the Ministry of Finance. The ministry has neither been able to pay for the old contracts nor have they been able to award contracts for new projects. The progress of the ministries of infrastructure construction such as physical, urban, drinking water has not reached 20 percent.'
Due to the wrong policy of the government, the burden of internal and external debt is increasing, which is adding a heavy burden of long-term debt and taxes to the future generation, but when Prime Minister KP Sharma Oli entered the parliament, he alleged that in six months, Nepal has reached the edge of Europe.
