Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Finance Committee of the House of Representatives has completed deliberations on the Alternative Development Finance Bill within just two weeks and submitted its report to the House on Thursday.
The bill, which was referred to the committee on August 4, underwent intensive discussions from August 8 onwards. Over the course of eight committee meetings, lawmakers debated various provisions, with 14 MPs submitting 66 amendment proposals. The committee endorsed the bill with several modifications before finalizing the report.
Committee members said the swift conclusion reflected the urgency of developing a clear framework for mobilizing alternative sources of development financing at a time when Nepal faces rising fiscal pressures and limited traditional funding options.
Alongside this, the House of Representatives also forwarded the Industrial Property Bill and the Ship Operation and Management Bill to their respective committees for clause-wise deliberation.
Parliamentary officials noted that the endorsement of the finance bill is expected to pave the way for more diverse and innovative financing models, though its implementation will require strong regulatory oversight to prevent misuse.
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