Kathmandu: In a bid to avert financial
crisis, Nepalese parliament today approved the budget for the
current fiscal year, even as the key ally Maoists remained
neutral during the process.
The Parliament approved the budgetary provision
mentioned in the Presidential Ordinance with a majority vote.
Deputy Prime Minister and Finance Minister Bharat
Mohan Adhikari had presented the budget on Monday for the
Interestingly, main opposition Nepali Congress,
which was the coalition partner during the previous
government led by CPN-UML leader Madhav Kumar Nepal, backed
the present government to endorse the budget while Unified
CPN-Maoist remained neutral during the voting.
The budget for fiscal year 2010-2011 was announced
through ordinance in November after the Maoists blocked the
process of passing the budget in the Parliament.
February 15 was the deadline to approve the budget
and the government would face financial crisis had the budget
not been approved today.
The approval of the budget was delayed as there was
no legitimate government in place for seven months due to
deadlock in Prime Ministerial election.