Finance Minister Dr Baburam Bhattarai has said the government is committed to keep inflation low -- around 7.5 percent as projected in the budget estimate for the new fiscal year.
According to him, significant decline in the price of oil in the global market and the government's efforts to increase growth and improve efficiency of the supply mechanisms will be instrumental in checking price rise, which currently stands at 12 percent.
Bhattarai was answering the queries raised by lawmakers during the parliamentary debate on the budget.
Saying that the government is committed to check misuse of resources, the Finance Minister, who presented a Rs 2.36 billion budget that has been dubbed by experts as inflated and ambitious, claimed that the government is able to implement its programmes thanks mainly to improved revenue collection.
Bhattarai also complained of what he called biased judgement of some parties on the budget, and called for cooperation in achieving the objectives laid out in the budget.
Source:
Jamb News Service
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Tuesday, October 7, 2008
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