Government Prepares First Budget Under Balen Shah's Leadership Amidst Economic Constraints
Summary
Finance Minister Dr. Swarnim Wagle is preparing Nepal's first budget under Balendra Shah's leadership, focusing on economic reform and increased government spending amidst constraints.
Key Points
- Finance Minister Dr. Swarnim Wagle is diligently preparing the first budget under Mayor Balendra Shah's government amidst economic challenges.
- The budget draft committee has nearly completed the annual policy, program priorities, and appropriation bill for fiscal year 2083/84.
- The National Planning Commission set a budget ceiling of 18 kharba 90 arba rupees, but an increase is expected due to planned salary hikes and investment in transformative projects.
- Finance Minister Wagle benchmarks his budget against historic transformative budgets of past finance ministers to reflect a new phase of economic reform.
