Up to 45 percent of the economy is informal. If the informal economy can be transformed into a formal economy by making various rules and laws, then the target of revenue will be reached.
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Congress MP Uday Shamsher Jabara has said that the time has come to administer the Public Procurement Act. He said that due to the Public Procurement Act, the budget allocated for infrastructure development in the country could not be spent.
In the meeting of the House of Representatives on Wednesday, participating in the discussion on the principles and priorities of the government's allocation bill for the next financial year, MP Jabara has suggested to the government to amend the Public Procurement Act in time.
'In Nepal, buying a ship, building a road, digging a well, buying potatoes, buying rice has a single procurement law . It seems necessary to manage it as soon as possible. Due to this procurement act, the government has not been able to spend properly, especially on infrastructure,' he said. Therefore, it is necessary to implement this procurement act in a systematic manner.'
MP Jabara has said that the government should work to formalize the informal economy. He said that the government should do the necessary work to formalize the informal economy. If that can be done, the revenue target taken by the government can be met and the country will develop, he said. 'The informal economy is a big There are more temporary and casual jobs. How to manage it and whether the scope of tax has increased because of it,' he said, 'in order to collect tax and increase the revenue, the tax base should be increased . 43 to 45 percent is informal economy . If the informal economy can be transformed into a formal economy by making various rules and laws, then the goal of revenue will be reached. Not only a little, but in a place with such a large informal economy, if only 20 to 30 percent can be formalized, the revenue can rise up to two billion.
He said that if the informal economy can be formalized, it will help in the implementation of the policy of creating jobs in the country taken by the government.
Similarly, Jabara stated that the contents of the single rights list and the common rights list of the constitution are conflicting, and he said that the government should work to improve it. Duplication has been seen in the work of three levels. It is also written in the constitution during taxes. It is written that the tax should be paid only in one place, but in practice, when a person pays the tax at the local level, there is a situation where he has to pay the tax at the same tax center as well. It needs to be changed,' he said.
He suggested that flexibility should be adopted in the implementation of the conditional grants sent by the central and state governments to the local level. "The center and the state have sent very much restrictions. Representatives of the local level are more knowledgeable about what kind of planning and development should be done at the local level than the center and the province. The center should create a framework and it is appropriate for the local level to decide how to spend the money and where to plan within it,' he said. He also said that the reason for some local levels not being able to spend on infrastructure is the restriction on conditional grants.
MP Jabara said that there is a lack of coordination not only between the three levels of government and ministries, but also among the departments under the ministry.
Jabara has requested the government to complete the work of Kathmandu-Terai fast track and Kantilokpath as soon as possible.
