National Budget Reform 2026

The government announced aims to transform Nepal into a digital, green, and self-reliant economy targeting 7% growth, establishing IT as a national strategic industry with digital parks and AI integration, expanding electricity production to 30,000 MW, and launching the Nepal Carbon Authority to support carbon trading.

The Rastriya Swatantra Party began preparing a discussion paper on constitutional amendments to reform Nepal's provincial structure, aiming to reduce costs and improve coordination between provincial and local governments.

The Nepal Federation of Indigenous Nationalities urged the Communist Party of Nepal to ensure indigenous peoples' rights and equal participation in state affairs and policymaking, highlighting ongoing challenges despite federalism.

Former Prime Minister Prachanda urged the Rastriya Swatantra Party government to responsibly manage its parliamentary majority, pursue constitutional amendments for national unity and marginalized representation, and address forced evictions through land ownership and livelihood programs.

The Communist Party of Nepal (UML) appointed Padma Aryal as the Deputy Leader of its parliamentary party, nominated by party leader Ram Bahadur Thapa (Badal).

The House of Representatives convened to discuss the government's policy and program, with members expressing views based on party representation, ahead of the 2026/27 fiscal year budget presentation.

Nepal unveiled a comprehensive reform agenda targeting 7 percent average annual economic growth over the next decade, focusing on anti-corruption, digital economic transactions, tax reforms, and investment mobilization challenges.

President Ram Chandra Paudel presented Nepal's Policy and Program for fiscal year 2026/27, outlining a 100-point agenda focusing on political stability, economic reform, governance, infrastructure, agriculture, education, healthcare, and anti-corruption. The government commits to political stability, zero tolerance for corruption, and consensus-driven constitutional amendments.

President Ramchandra Paudel presented Nepal's 2026/27 Policy and Program, detailing a 100-point agenda focusing on political stability, economic reform, governance, infrastructure, agriculture, education, healthcare, and anti-corruption measures.

Prime Minister Balen Shah exited the parliament meeting hall before President Ramchandra Paudel completed the presentation of the government's policy and program for fiscal year 2026/27.

The joint session of Nepal's Federal Parliament began with President Ramchandra Paudel addressing lawmakers at Singha Durbar as part of constitutional requirements for the government's policy presentation.

The joint session of Nepal's Federal Parliament commenced with President Ramchandra Paudel addressing the parliament at Singha Durbar. The President presented the government's policy and program for the fiscal year 2026/27 as part of constitutional requirements.

The government announced plans to promote Nepal as a technology hub with expanded IT exports, digital infrastructure, AI and green computing initiatives, and remote work legal frameworks to enhance tech employment.

The Federal Parliament's budget session commenced, with President Ramchandra Paudel preparing to present the government's policy and program and several ordinances as constitutionally mandated.

President Ramchandra Paudel presented the government's policies for fiscal year 2026/27 emphasizing economic modernization through digitalization, technology-driven employment, investment reforms, and governance restructuring including remote work legal frameworks and a national apprenticeship programme.

Nepal aims to shift from a labor-based economy to a digital and service-oriented model, promoting IT exports, digital parks, and financial incentives to tech industries as part of economic reform.

The Council of Ministers approved President Ramchandra Paudel's planned address to the joint sitting of Federal Parliament, outlining the government's policies and programs for fiscal year 2026/27.

Prime Minister Balen Shah convened a cabinet meeting at Singha Durbar to approve the government's policy and program for the upcoming financial year 2026/27, to be presented by President Ramchandra Paudel in parliament.

Over 5,100 suggestions were submitted via the Prime Minister's Office public portal, covering budget priorities and policy inputs in sectors such as education, health, economy, infrastructure, and environment.

The Office of the Prime Minister and Council of Ministers launched a digital platform for citizens and experts to submit recommendations for the 2026/27 budget formulation, promoting transparent and participatory governance.

Stakeholders at the Pre-Budget ICT Discourse 2083 called for clear ICT policies, higher budget allocation, and tax reforms to advance Nepal's digital economy. They highlighted challenges including policy ambiguity, high taxes, weak infrastructure, and limited startup support, and emphasized public-private collaboration and fintech and AI education enhancement.

The government released the Economic Status Paper 2083 highlighting slow growth, rising public debt at 43.8% of GDP, and heavy reliance on remittance, calling for deep structural transformation toward electricity production and IT exports.

Nepal's government plans to transform the country into a global hub for data centres and artificial intelligence powered by hydroelectric energy, highlighting regulatory gaps and environmental concerns needing stable policies.

Officials announced the 2026/27 budget will focus on long-term reforms, good governance, and creating multiplier effects to boost Nepal's economy, encouraging provincial and local self-reliance in resources.

Nepal's IT industry urged expansion of double taxation avoidance agreements and proposed a 1% corporate tax rate for registered IT companies for 10 years to attract global investment and foster innovation. Additional recommendations included an 8% export rebate and legal reforms in IT and cybersecurity laws to promote domestic cloud infrastructure.

Nepal's government announced an 18-point National Commitment plan focusing on economic stability, governance reforms, agriculture, tourism, energy, and infrastructure to achieve inclusive growth and middle-income status.