. Finance Minister Dr. Swarnim Wagle has claimed that the budget for the coming fiscal year is small compared to the projected GDP within the desired limit.
Speaking at a press conference organized by the Ministry of Finance after the release of the budget, Minister Wagle said that the projected GDP is Rs 7.458 trillion and the budget is only 28 percent of it.TAG_OPEN_span_20
External debt is Rs 248 billion and internal debt is Rs 410 billion.TAG_OPEN_span_19 This will bring the total debt to around Rs 36 trillion. He said that most of the Rs 410 billion domestic loan could be repaid.
TAG_OPEN_p_25 The Finance Minister has said that the budget for the coming fiscal year has been followed by the promissory note of the RSP. He said that the 5-point contract brought by the RSP has also been adopted.
He said that the policy is to increase 10 to 12 lakh jobs.TAG_OPEN_p_24 According to him, good governance and good conduct have increased after the formation of the RSP and the budget has internalized this.
He said that he has received a lot of criticism in the market regarding the size of the budget and the loan.TAG_OPEN_p_23 He said that there was criticism that this budget was also big and there was a discussion whether the budget would be implemented or not.
In economics, he claims, the numbers are not just looked at — the big numbers should be looked at in the GDP. He claims that this budget is better in size than in numbers.
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