Finance Minister Swarnim Wagle States Budget Aims for 5-Year Foundation
Summary
Finance Minister Swarnim Wagle presents a 5-year foundation budget focusing on economic growth and infrastructure development, aiming for a 7 percent growth and completing major highway projects.
Key Points
- Finance Minister Swarnim Wagle states the budget aims to lay a foundation for a 5-year period.
- The budget projects a Gross Domestic Product of 74 kharba 58 arba for the upcoming fiscal year.
- The target revenue collection is 1580 arba with loans capped at 43 percent of GDP.
- Major infrastructure projects like the construction of main highways and Siddhartha Highway are progressing, with plans for an expressway from Butwal to Pokhara.
