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 government will open a college named after late wife of PM Prachanda, Sita Dahal.
The government has announced the implementation of open prisons. Highlighting the excessive overcrowding in jails, Finance Minister Barsaman Pun declared that probation and parole arrangements will be introduced to alleviate the pressure.
Work to be done in two shifts in the project of national pride.
The FinMin brings the total budget worth 18 Kharba and 69 Arba rupees.
The target for economic growth is set at 6 percent.
