Kathmandu: Nepal's caretaker government on Sunday announced a partial budget for the fiscal year 2012-13 amounting to Rs 161.02 billion, which is just the one-third of the total estimated budget.
Finance Minister Barsha Man Pun announced the budget through an ordinance amid a programme at the National Planning Commission at Singha Durbar.
This is just the one third of the total estimated government budget for the new fiscal year beginning July 16.
The government announced the budget only for four months as the opposition parties, mainly the Nepali Congress and CPN-UML have been saying that caretaker government should not be allowed to present full budget.
They had also submitted a memorandum to President Ram Baran Yadav asking him to reject the government's bid to bring a full budget through ordinance.
While announcing the new budget, Pun claimed the economic growth in the current fiscal year was the highest in three years. He assured that the government would continue big projects in Nepal despite the announcement of partial budget.
He also urged the investors to invest in Nepal without any fear. "I urge to investors to invest without any fear."
Pun further said that there was no alternative to a complete budget. However, he said that the government changed its stance and released only one-third of the budget as per the agreement reached with the opposition parties.
Nepal is currently passing through a deeper political crisis with the parties failing to draft the constitution mainly due to disagreement over whether the states should be federated on the basis of single ethnicity or multi-ethnic-cultural-geographical basis.
The 601-member Assembly, which had been extended four times since 2008, was dissolved on May 27 after parties failed to reach consensus on whether to adopt federal structure based on single ethnic identity or multi-ethnic identity.
Bhattarai has called fresh elections on November 22, after years of deadlock over the issue of a new Constitution.


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