HoR meeting endorses three bills

KATHMANDU, JUNE 17: The House of Representatives (HoR) meeting yesterday passed Finance Bill 2022; Bill Designed to Recover Public Debt 2022 and Bill on Debts and Surety (25th amendment) by a majority of votes. Earlier, Finance Minister Janardan Sharma had presented a proposal in the HoR meeting seeking consideration on the bills.

Speaker Agni Prasad Sapkota has slated the date for 20 June for clause-wise discussions on the Finance Bill 2022. Likewise, responding to the lawmakers’ concerns in today’s HoR meeting on Bill Designed to Recover Public Debt 2022, Finance Minister Sharma said debts would be collected only if necessary. In response to propelling capital expenditures, Minister Sharma informed the House that some laws should be amended and the Office of the Prime Minister and Council of Ministers has stepped up the needed processes for this issue.

He also argued that production should be encouraged by discouraging loans. “Credit should be accepted on the basis of the project. Serious discussions have been held in a way that to accept loans only in case the projects could repay it,” he added.