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.
One municipality ome downtown initiative announced.
In the budget speech, the Finance Minister announced that Janaki Mandir in Janakpur will be promoted as a wedding hub, while Lumbini will be promoted as a birthing hub. This initiative aims to enhance the cultural and historical significance of these locations, attracting more visitors and fostering local economic growth.
The government has announced plans to introduce legal provisions for the commercial farming of ‘Ganja’ for medicinal purposes.
No major achivement in economy after 2065: FinMin
FinMim claims the budget is made according to the needs of new generation.
