26 Years Ago

Is the recent UML government’s budget people-oriented or is election motivated?, asks United People Front (UPF) in a press release. The press release also says that when studied comparatively with that of the panchayat period (2045/46) and Congress period (2050/51), the UML budget (2052/53) has no significant difference. For example, it pointed out that the ratio of foreign donation and loans to the total budget is 40.8% in the panchayat period, 36.88% in Congress and 35.59% in UML while in internal revenue the ratio of imports to its tax sales and sales tax in the panchayat, Congress and UML period are 27.44% and 17.74%, 22.25% and 21.82% and 22.77% and 27.78% respectively. However, in the revenue, the ratio of industrial production to excise duty of 11.2% and 5.25% and 5.69% respectively in the panchayat, Congress and UML period shows that industries are in danger. People’s Review, 3 August 1995