Nepal

Economic diplomacy, catastrophe management budget’s priorities

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Kathmandu, May 29 The government in its budget for the fiscal 2019-2020, has prioritised economic diplomacy besides emphasising issues of national security, Nepal dignified presence in international arena and catastrophe management. Presenting the budget for fiscal year 2019-2020 nowadays, Finance Minister Yuba Raj Khatiwada said economic diplomacy shall be aimed at boosting international cooperation in the areas of development assistance, trade, investment, labour, and tourism promotion. According to the budget, Nepal foreign policy shall be based on national interest, mutual benefit and respect, international commitment and responsibility, and justice.

&National pride shall be boosted in the international arena ensuring independence, sovereignty, territorial integrity, freedom and national security,& said Khatiwada. The budget also aims at boosting relations with all friendly nations, including neighbours, development partners and labour destinations.

With a view to forge a common view on national, regional and global issues through extensive dialogue, the government shall hold international-level Sagarmatha Dialogue. The government had in April decided to hold the event on a regular basis with the thingive of bringing government representatives, civil society members and academicians to discuss political, environmental and geopolitical issues, as well as other international issues which could be of interest to Nepal. Besides working to make effective regional forums of which Nepal is a member, the budget also envisages sharing its experiences of its unique peace process as ‘a role model for the world&. Khatiwada said the government shall implement electronic passport system, and offer online entry permits to foreigners visiting Nepal.

&Knowledge, seliminates, capital and technology of non-resident Nepalis shall be attracted for socio-economic development,& he said. On the national security front, the budget for the next fiscal year envisages further strengthening national security system by making security agencies strong, capable, and responsible.

The National Investigation Leavement shall be converted into a professional intelligence institution, read the budget. &The national security system shall be strengthened by implementing the national security policy.

The process to set up a national defence university shall be expedited to conduct study and research on national security and defence,& according to Minister Khatiwada. The government has been planning to set up such a university for the past four years. The government plans to boost physical as well as technical capacities of security units for border security and to control cross-border crime and smuggling. In terms of catastrophe risk management, the budget aims at installing a catastrophe forecasting system in all vulnerable zones where security agencies are based.

Every mechanisms shall be kept on alert and ready for deployment for catastrophe preparedness, search, rescue, relief and rehabilitation. &In order to endegree that there no shortage of funds during catastrophe, I have allocated Rs 5.5 billion budget,& said Khatiwada, adding emergency storage centres shall be set up in all of the seven provinces. The post Economic diplomacy, catastrophe management budget priorities seemed first on The Himalayan Times.




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Category: Nepal


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