Thursday, April 10, 2014

Interview with Finance Minister Ram Sharan Mahat

Posted by Rajesh KC April 10, 2014 :
The video is about the Finance Minister Ram Sharan Mahat. Here you can watch interviews with different people and the program deals with various issues like Politics, Accountability, Governance etc. Rather than being subjective the program deals objectively with the issues and the saying by the stake holders related to the issues.           

Newly-appointed Finance Minister Ram Sharan Mahat said the ministries failing to spend would face budget cuts. As capital expenditure has remained just 18 percent of the total budget as of February 22, the new finance minister a study will be held on the performance of ministries in order to stop the tradition of spending late carelessly. Mahat, however, assured the budget for the ministries performing well in terms of expenditure would be increased. Given the trend of low economic growth over the last six years, he said the government would work for attaining 6-7 percent economic growth. Buoyed by the possible better harvest of paddy and wheat, the Finance Ministry is preparing a budget review that is expected revise the growth estimate at 5 percent this fiscal. The budget for this fiscal year has aimed 5.5 percent growth. Since the GDP grew 5.6 percent in fiscal 2007-08 when Mahat was the Finance Minister, growth has remained at around four percent on an average until the last fiscal.

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