Finance Minister Wagle unveils budget for fiscal year 2026-27, announces tax relief and ministry cuts
Summary
Finance Minister Swarnim Wagle presented the 2026-27 fiscal year budget in Nepal's federal parliament, announcing tax exemptions for incomes up to Rs1 million and administrative reforms.
Key Points
- Finance Minister Swarnim Wagle presented the 2026-27 fiscal year budget in the federal parliament.
- Individuals with an annual income of up to Rs1 million will be exempt from personal income tax.
- The government conducted a broad review of tax rates for the new fiscal plan.
- The finance minister stated that the cycle of political instability in Nepal has ended.
