Nepal's Finance Ministry Accelerates Budget Preparation, Prioritizing New Government's Economic Policies and RSP Manifesto
Summary
Nepal's Ministry of Finance is accelerating preparations for the fiscal year 2083-84 budget, prioritizing economic policies of the new government and the Rastriya Swatantra Party's manifesto, aiming for rapid economic growth and development.
Key Points
- Ministry of Finance is fast-tracking the upcoming budget preparation focusing on new government’s economic policies and RSP manifesto.
- Rastriya Swatantra Party aims to transform Nepal’s economy with technology, production, employment, and increase IT exports drastically.
- Budget will incorporate RSP’s goals to increase hydropower capacity to 30,000 MW and restructure electricity tariffs.
- Budget formulation will be aligned with new government policies, constitutional obligations, and international commitments, with a deadline of Jestha 15th.
