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.
A budget allocation of 3 billion 86 million rupees has been made for the construction of the corridor road. Additionally, 1 billion 80 million rupees have been allocated for the Syafru-Rasuwagadhi road.
86 Arba and 24 Crore budget allocated to Health Ministry.
8 Arba and 10 crore budget allocated for Ministry of Labour.
A fund of 1 Arba rupees will be allocated for the promotion of startup businesses.
The government’s plan to sell electricity to Bangladesh will commence from the upcoming fiscal year.
