June 28, Kathmandu – Former Finance Minister and Vice Chairman of the CPN-UML, Vishnu Prasad Paudel, has described the government’s presented budget as ambitious. Speaking about the budget introduced by Finance Minister Dr. Swarnim Wagle in the federal parliament, Paudel pointed out that the main challenge lies in its implementation. “International circumstances are also impacting us. The current global situation is unfavorable,” he stated.
He further added, “Bringing in external loans and grants is not easy at this time. Under such conditions, preparing the budget was essential.” Despite the revised budget size having increased by 25 percent, Paudel noted that its execution would not be straightforward. He believes that although the budget size has expanded, inability to properly manage resources accordingly will affect its implementation.
