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 establish standards for data centers operated by the private sector.
Families aspiring to build homes from funds earned through foreign employment will be included in the organized settlement development program. In coordination with local authorities, efforts will be made to encourage the construction of individual or collective housing for at least 10 families from the remittance funds.
A budget allocation of 10 crore rupees has been earmarked for the “Prime Minister’s Daughter Self-Reliant” program.
A budget of 1 kharba 16 arba rupees has been allocated for social security allowances.
Water transportation to be operated in Sunkoshi and Narayani.
