Opinion | Wagle’s ‘audacious’ budget and controversy that followed
Summary
Finance Minister Swarnim Waglé's ambitious 2026-27 budget aims for growth and reform but faces controversy over allegations of wrongdoing, overshadowing post-budget discussion in Nepal's new government era under Prime Minister Balendra Shah.
Key Points
- The 2026-27 federal budget proposed by Finance Minister Swarnim Waglé is ambitious, targeting 7% growth and a 25% budget size increase.
- Prime Minister Balendra Shah's government has broken traditional norms in governance, including judicial appointments and addressing squatter problems.
- Waglé's budget includes restructuring government bodies and doubling income tax exemption to Rs1 million for individuals.
- Controversy surrounds Waglé for altering the economic bill after presentation to Parliament, raising calls for independent investigation.
