Nepal's government passes budget after Maoist disruption
Nepal's government finally tabled a budget through a special ordinance on Saturday - four months after the start of the fiscal year, and following violent protests inside the parliament building by Maoist parliamentarians, DPA reported.
The 539 million-dollar-budget came after an attempt to table the bill late Friday failed as the Maoists staged a violent protest in the parliament in a bid to prevent the tabling of the financial plan.
"The fact that we had to issue an ordinance to present a budget is painful," said Finance Minister Surendra Pandey, as he prepared to announce the budget.
"But it is every important for the nation's economy."
The budget is hoped to relieve a flailing economy. The absence of a budget has affected the country's revenue collection, while development works were stalled as funds ran out.
Last month, government offices said they had run out of money to pay their employees.
Government's plans to announce the financial plan on Friday was shelved after the chief opposition in the parliament, the Maoists attacked the finance minister as he prepared to announce the budget.
They were protesting that a caretaker government should not announce a full budget.
Four months of delay in promulgating a budget due to absence of government has taken a severe toll on the Himalayan nation's economy.
Nepal has been under caretaker government since June, when Prime Minister Madhav Kumar Nepal resigned under Maoist pressure.
Election of a new government failed for a 16th time last week, as wrangling between the political parties on who should lead, continued. The next round of election is set to be held in December.