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.
The ongoing cabinet meeting to approve the budget to present it in the joint house session.
The government has prepare a budget of total around 19 Kharba rupees for the next fiscal year. This is 24% more than the estimated govt expedinture of the current fiscal year.
FinMin Pun has tried to make this budget a ‘populist’ one by including lucrative things due to the pressure from PM Dahal and other member of rulling alliance.
The budget speech is now postponed till the 3 PM. Govt calls a cabinet meeting at 2PM. ToR regarding corporative scam yet to be finalized.
FinMin Barsha Man Pun to present budget today shortly.
