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The Budget has a target of Rs 565 billion revenue collection, but recurrent expenditure has been proposed to Rs 617 billion.Claiming that FM Poudel ignored his suggestions, Mahat said that serious economic repercussions may occur as the development expenditure in the budget was less than the general expenditure which might trigger price hike and trade deficit. Former finance minister and Nepali Congress lawmaker Ram Sharan Mahat today said that the budget presented by Finance Minister Bishnu Poudel has violated fiscal discipline.With the formation of a panel to probe the budget leak, as demanded by the main opposition party, discussions on the budget for fiscal year 2016/17 began today.Beginning the discussion on the budget in the Parliament, NC lawmaker Mahat said that internal revenue collection cannot bear the recurrent expenditure.
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