KATHMANDU: Finance Minister Barshaman Pun has said the cooperation of former administrators and economic experts is needed to make the budget for an upcoming fiscal year objective and in compatible with time.

According to the Finance Minister’s Secretariat, the Minister sought submissions from former finance secretaries, Nepal Rastra Bank (NRB) former governor and former vice chairs of the National Planning Commission in a bid to secure their opinions and expertise in regard with the new budget.

During the meeting, the participants advised the government to bear in mind the implementation aspect of the budget, making its realistic.

The advised for increasing capital expenditures with the reduction in the general expenditures, adopting a policy for the promotion of export trade.

The submissions from the related people were for not investing from the federal government in small projects remaining within the jurisdictions of the province and local government, for resolving the problems that plague the cooperative sector and for carrying out a structural improvement of bodies responsible for implementing the budget.

Similarly, they were of the views of enhancing cooperation among the federal, province and local levels for implementing federalism effectively, accelerating and concluding the current big projects, garnering more foreign investment and motivating the morale of bureaucracy.