Lawmakers Unanimously Approve Government Borrowing Bill " Bill to Raise Public Debt- 2083"
Summary
Nepal's House of Representatives has unanimously approved a bill allowing government borrowing from domestic and international sources to finance the national budget, focusing on long-term development projects.
Key Points
- Nepal's House of Representatives unanimously approved the Bill to Raise Public Debt, 2083.
- The bill allows the government to borrow funds domestically and internationally to finance the national budget.
- Finance Minister Dr. Swarnim Wagle assured that borrowed funds will be used for projects creating long-term value.
- Lawmakers rejected proposed amendments and the session paused briefly after the bill's approval.
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