Government Presents Budget of NPR 21 Kharba 24 Arba 34 Crore for Fiscal Year 2083/84
Summary
The government led by Balen Shah has presented a fiscal budget of NPR 21.24 trillion for the year 2083/84, marking a significant increase from previous years with a focus on digital transformation and governance amid rising public debt concerns.
Key Points
- The government unveiled a budget of NPR 21 Kharba 24 Arba 34 Crore for fiscal year 2083/84, a 25 percent increase over the revised estimate for the current fiscal year.
- Approximately 31 percent of the total budget will be financed through loans, raising concerns about future debt burdens.
- Significant allocations have been made for consultations, contract services, and administrative expenses despite claims of reform and frugality.
- Economist Dr. Hari Rokaya criticizes the budget for lacking reform programs to promote public welfare, employment, and inflation control.
