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.
60 crore allocated for scholorship facilities.
A budget of 3 Arba 88 crore rupees has been allocated for the railway transportation.
Budget allocated for Pod Way transportation in Gorkha.
A budget allocation of 1 Arba rupees has been designated for the establishment of a Peace Fund to provide compensation, financial assistance, and rehabilitation to conflict-affected families.
The government has announced the “Returnee Entrepreneurship Program” to encourage those who have returned from foreign employment to start businesses.
