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.
2 Kharba, 3 Arba and 66 crore bidget allocated to Ministry of education.
Land development will take place in Godawari, Tarakeshwar, Nagarjun, Changunarayan, and Bhaktapur municipalities in the Kathmandu Valley. Additionally, budget allocation has been made for establishing a new town in the northeast region of Kathmandu.
Smart traffic lights will be installed at 44 intersections in the Kathmandu Valley.
A budget allocation of 21 Arba 60 crore rupees has been designated for post-earthquake reconstruction efforts.
A budget allocation of 1 billion 5 crore rupees has been made for the conservation of Chure region.
