Preparations for upcoming fiscal year budget begins
Summary
The National Planning Commission and Ministry of Finance have begun preparations for the upcoming fiscal year 2083/84 budget, including resource estimation and setting expenditure limits.
Key Points
- The National Planning Commission has initiated the budget formulation process for the fiscal year 2083/84.
- A National Resource Estimation Committee is exploring possible resources and setting spending limits for the upcoming budget.
- The process is mandated under the Financial Procedure and Fiscal Responsibility Act, 2020.
- Relevant data have been requested from Nepal Rastra Bank, National Statistics Office, Ministry of Finance, and other ministries.
