Nepal’s economy, already struggling with the impacts of the pandemic and global geopolitical tensions, is facing a bleak and uncertain future. This is exacerbated by frequent government changes, widespread corruption, and the departure of young people who feel there is no future for them in the country. The budget presents either a new opportunity or a potential crisis. Today is Budget Day in Nepal, as mandated by the constitution.
As we aim to ensure that every citizen understands how their money and taxes are being utilized, and to enhance accountability and transparency, here is the live coverage of Budget Day.
Nepali Congress MP Arjun Narsingh KC has stated that the budget is distribution-oriented.
The government has announced that federal offices will be merged or dissolved based on their relevance and necessity.
The budget includes provisions to list large companies on the stock market.
Efforts will be made to bring back suspects who flee abroad through diplomatic negotiations.
It has also been mentioned to review the retirement age of security personnel.
