Nepal Govt determined to keep inflation low, says Dr. Bhattarai

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Kathmandu, Sept 25 : Nepal Finance Minister Dr. Baburam Bhattarai has said the government is committed to keep inflation low -- around 7.5 percent- as projected in the budget estimate for the new fiscal year.

Answering the queries raised by lawmakers during the parliamentary debate on the budget here on Wednesday, Dr. Bhattarai said that significant decline in the price of oil in the global market and the government's efforts to increase growth and improve efficiency of the supply mechanisms will be instrumental in checking price rise, which currently stands at 12 percent.

He said that the budget will be put into action after revision and taking appropriate suggestions from lawmakers into consideration.

Dr. Bhattarai also said that the implementation of the budget would be monitored by teams comprising of office bearers of the National Planning Commission and ministers concerned.

Dr. Bhattarai called for cooperation of all parties in achieving the objectives laid out in the budget.

During the three-day discussion, the lawmakers of the parties in the Maoist-led coalition accused the government of coming up with a Maoist-oriented budget.

The opposition parties have alleged that the budget has tried to damage the economic structure of the country by forwarding a huge budget, Nepalnews reported.

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