Budget formulation process for next fiscal year begun
Summary
The budget preparation process for Nepal's fiscal year 2026/27 has begun, with the National Revenue Estimation Committee working on resource estimation and spending limits.
Key Points
- The budget preparation process for fiscal year 2026/27 has been initiated.
- The National Revenue Estimation Committee is working to estimate potential sources and spending limits for the budget.
- The Planning Commission and Ministry of Finance must provide preliminary resource and expenditure estimates for the next three years.
- Revenue estimates and expenditure limits must be finalized by the end of Magh and reported to the Finance Minister by 7th Falgun annually.
