National Resource Estimation Committee Sets Budget Ceiling at NPR 1.89 Trillion for Upcoming Fiscal Year
Summary
The National Resource Estimation Committee has set a budget ceiling of NPR 1.89 trillion for Nepal's upcoming fiscal year 2083/084, with the Ministry of Finance preparing accordingly amid a new government formation and policy reforms.
Key Points
- The National Resource Estimation Committee set the budget ceiling at NPR 1.89 trillion for fiscal year 2083/084.
- The Ministry of Finance is preparing the budget, awaiting new government decisions after the recent elections.
- Finance Minister Rameshwar Prasad Khanal concluded his tenure, highlighting reforms in budget formulation and earmarking funds for key projects.
- Revenue exemptions will be replaced by direct budget payments to improve fiscal discipline and reduce misuse risks.
