“Economy Is Wilting Under Instability”

<br>Krishna Hari Baskota, Revenue Secretary&nbsp;

Oct. 11, 2010, 5:45 p.m. Published in Magazine Issue: Vol.4, No.-08 September 24-October 7, 2010

What is the situation of economy?
Till now, we can safely say that the fundamentals are sound. But in recent times, I have started to feel that the economy is slowly wilting under the pressure of unending political instability.

What are the consequences of the continued delay in budget?
We are able to meet the regular expenditures for two more months. The development expenditure has taken a severe beating. We are even embarrassed to give data about the development expenditure.

What is troubling you the most?
Suddenly, the revenue growth has slowed down.  In the last two months we collected Rs 3 billion less revenue than estimated.

What is holding back the economy?

The main thing is that the politicians should sort out the problems and let the economy function on its own. Otherwise, the economy will not wait for the leaders.




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