Kathmandu
Thursday, August 28, 2025

PM Oli defends budget as balanced, vows to address supply-demand gap

June 24, 2025
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KATHMANDU: Prime Minister KP Sharma Oli on Tuesday defended the annual budget presented by the government, calling it “as balanced as possible” given limited national resources, and pledged efforts to strike a better balance between demand and supply in the coming days.

Speaking in the House of Representatives during discussions on the Appropriation Bill and cost-cutting proposals related to the President’s Office, Vice President’s Office, the Prime Minister and Council of Ministers’ Office, and associated bodies, Oli admitted that not all lawmakers are satisfied with the allocations. “Everyone wants rapid development everywhere, but we have limited resources,” he said. “Efforts will be made to improve this imbalance in the future.”

He emphasized the need for increased domestic and foreign investment, stating that the Investment Board will play a stronger role in analyzing and executing effective investment plans. Oli also pointed out that no development projects worth less than Rs 30 million are included in the national budget, as per new policies laid out by the National Planning Commission.

Calling Parliament a sacred venue that embodies the sacrifices, struggles, and dreams of the Nepali people, Oli urged lawmakers not to make remarks that could weaken democracy or national integrity. “I will endure criticism and insults directed at me, but I cannot tolerate the disrespect of our martyrs or the democratic system we’ve built,” he declared.

He also reiterated the government’s commitment to constitutional reform, but only in ways that strengthen the current system. “Let’s protect the constitution and move ahead with the goal of a prosperous Nepal and happy Nepalis.”

Oli dismissed allegations that the government is engaging in political games, saying, “The government is focused on development, good governance, and fulfilling people’s expectations. We don’t have time for petty games, so please don’t spread such propaganda.”