Discussion begins for upcoming budget, time to propose projects likely to extend
Summary
Nepal's ministries have started discussions for the upcoming fiscal year's budget with potential extensions for project proposal deadlines due to the new government's formation.
Key Points
- Ministries have begun discussions for the formulation of the upcoming fiscal year 2083/84 budget.
- National Planning Commission held meetings with Finance, Foreign, and Law Ministries focusing on expenditure frameworks and budget ceilings.
- Finance Ministry set a deadline for ministries to submit plans and projects by March 29, but an extension is likely due to new government formation.
- The Finance Ministry is also preparing an economic survey and a progress report on public corporations, known as the Yellow Book.
