Nepal Finalizes Budget Calendar for Fiscal Year 2083/84 Amidst Political Transition
Summary
Nepal has finalized the budget calendar for fiscal year 2083/84, mandating all ministries to submit their plans by mid-April despite political transition and delay in government formation.
Key Points
- Nepal's Ministry of Finance has set the budget calendar requiring all ministries to submit plans by Chaitra 15 (mid-April) for fiscal year 2083/84.
- The budget preparation is progressing despite an unsettled government following recent elections and political instability.
- The National Resource Estimation Committee has forecasted a budget ceiling of approximately Rs 18.90 trillion for the next fiscal year.
- Budget presentation is legally mandated to occur by Jestha 15 (mid-May/early June) in a joint session of the Federal Parliament.
