Friday, July 10, 2009

The reason for an ever-growing Nepal’s fiscal budget is…

… because

“there has always been a holier-than-thou attitude of the government in power and its finance minister. As one of the architects of Nepal´s fiscal budgets says, whoever is the finance minister at the helm, he does not want to be seen as chicken-hearted but rather a lion-heart, no matter what negative consequences his budget may cause to the economy.”

More here. Last year, the fiscal budget presented by the Maoist finance minister was 45% higher than the year before. But real expenditures fell short of the allocated budget. Why inflate fiscal budget when we cannot spend it?