Government to Unveil Mid-Year Budget Review Tomorrow Amidst Implementation Challenges
Summary
The Ministry of Finance in Nepal is set to release the mid-year budget review for fiscal year 2082/83 amid challenges from the 'Gen-G' movement and upcoming elections, leading to expected budget reductions and fund reallocations.
Key Points
- The Government of Nepal will release the mid-year budget review for fiscal year 2082/83 tomorrow.
- The Ministry of Finance experienced delays but will present the review after evaluating six months' budget implementation and revenue.
- Budget cuts are expected due to financial burdens from the 'Gen-G' movement and the need to fund the upcoming elections on Falgun 21.
- The Ministry plans to freeze Rs 120 billion allocated for 53 projects to fund election and reconstruction costs.
