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Budget planning

Sunday, June 29th, 2014
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President Dr Ram Baran Yadav unveiled the government’s policy and program for the next fiscal year 2014/15 (2071/72 BS) addressing a meeting of Legislature-Parliament on Sunday.
Modernising agriculture sector and bringing energy crisis to an end are among the top priorities of the government.

In order to increase productivity of agriculture sector, cooperative campaign will be made effective, while efforts will focus on graduating Nepal from the group of least developed countries by 2022, reads the policy and program document.

Organic farming will be promoted to tackle climate change issues and lower the effect of chemical fertilisers. Concession and loan will be offered to those who adopt fishery and meat production business, in which Nepal aim to be self-dependent.

To develop a self-reliant and independent economy, stress will be laid on developing public, cooperative and private sectors as the foundation of Nepal’s economy.

Private sector will be encouraged to involve in the import and supply of petroleum products, while the Bright Nepal, Prosperous Nepal (Ujyalo Nepal, Sammridhha Nepal) program will be continued to terminate the energy crisis.

The ongoing hydro-electricity projects will be completed soon, while reservoir based projects will be promoted to avoid energy crisis in the dry (winter) season.

“Within three years, every household in Nepal will have toilet, drinking water facility and smoke-free kitchen,” reads the document.

The government’s policy and program have been made public ahead of the national budget likely to be presented in the second week of July.

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