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.
Tourism Ministry gets a whooping budget of around 12 Arba Rupees.
The government has allocated a budget of 50 arba 74 crore rupees for the development of the energy sector in the upcoming fiscal year.
A budget allocation of 38 corerupees has been made for the improvement of cattle and buffalo breeds.
The government has set a target to export IT services worth 30 kharba rupees over the next 10 years.
5 arab and 46 core rupees allocated to develop tourism infrastructure.
