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New Nepal budget targets poverty

Nepal has unveiled a new budget with total spending planned at a billion and a half dollars. It includes a marginal increase in security spending. Finance Minister Bharat Mohan Adhikary said that the budget aimed to reduce poverty and restore peace by tackling the long-running Maoist insurgency. Nepal’s economy grew by a little over three per cent last year, less than what officials had expected. A new prime minister, Sher Bahadur Deuba, was appointed last month. The announcement of the 2004-2005 budget comes against a background of a slow economic recovery hampered by the bloody Maoist insurgency.Full Story

OODA Analyst

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