Wagle set to unveil large deficit budget above fiscal ceiling
Summary
Finance Minister Swarnim Wagle is set to present a large deficit budget exceeding the fiscal ceiling, focusing on infrastructure, governance reform, and ambitious revenue targets for fiscal year 2026–27.
Key Points
- Finance Minister Swarnim Wagle plans to present a budget exceeding the fiscal ceiling set by the National Resource Estimation Committee.
- The new budget aims to be around Rs2.1 to Rs2.2 trillion, approximately Rs450 billion higher than the revised estimate for the current fiscal year.
- Infrastructure, governance reform, agriculture, energy, and tourism are key priority sectors in the upcoming budget.
- The government targets around 20 percent revenue growth despite current weak revenue performance and plans tax reforms including lowering the top income tax rate and raising exemption limits.
