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.
15 Arab 70 crore budget allocated for forest ministry.
Modern ward expansions will be undertaken for intensive treatment of burn injuries at Bir Hospital. The infrastructure of Burn Hospital in Kirtipur will be developed. Bheri Hospital will be developed as a sickle cell anemia treatment center.
New law to be made relating to credit transactions.
The government has announced plans to allocate 567 billion rupees to provinces and local levels in the upcoming fiscal year.
The target is set to add 900 megawatts of electricity in the coming fiscal year.
