This year too, the budget is likely to be affected by the ongoing political wrangling over power. The budget delay will have a negative impact on the country's economy. The Maoist-led government was unable to present the budget and its plans and policies due to a delay in forming a new government after the CA elections. The UML-led government budget that followed was also delayed by five months due to the Maoist obstruction of the parliament, and failed to bring the expected results. Many programs were not implemented.
Protracted political conflict tends to increase regular administrative expenses while freezing the development budget. The deficit budget every year has caused inflation, which is on the rise. We have not been able to achieve the expected economic growth rate, which is why we have had a double digit inflation rate for three consecutive years. Policymakers should keep in mind how difficult life has been as a result.
There are ways to object to government policies and programs in parliament. These objections can be discussed in parliament, but it is undemocratic for the Maoists to say that they will not let the budget pass. The budget session was supposed to have started on 8 May for the budget to be presented on 9 July. The Maoists should well know what difficulties a budget delay can cause. An agreement should be reached on passing the budget while politics is negotiated at the same time. Who leads the government should not matter to economic development.