This is the budget statement for the next financial year [full text]

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The government has allocated a budget of 18 trillion 60 billion 30 million rupees for the next financial year. According to which, current expenditure is 11 trillion 40 billion 66 crore (61.31 percent), capital expenditure is 3 trillion 52 billion, and 3 trillion 67 billion has been allocated for financial management.

This is the budget statement for the next financial year [full text]

The government has set five priorities for the budget of the financial year 2081/082. Presenting the budget for the financial year 2081/082 at the joint meeting of both houses of the Federal Parliament, Finance Minister Barshman Pun said that 5 priorities of the budget have been decided. He informed that the 5 priorities of the budget are economic reform, private sector promotion, agriculture, energy, information technology, tourism, industrial development and infrastructure construction.

This is the full text of the budget

Similarly, the development of social sectors including education, health has also been prioritized in the budget. Likewise, Finance Minister Pun says that improving inclusion and social security and promoting good governance and public service delivery is a priority of the budget.

Similarly, Finance Minister Pun has said that the economy of the country is improving due to the continuous efforts of the government. He said that the next financial year has been declared as the year of economic reform to fulfill the national aspiration of 'Happy Nepali, Prosperous Nepal'.

Features of the upcoming financial year's budget

The five objectives of the budget

to increase production, productivity and employment,
to increase the morale of the private sector, to increase investment and accelerate economic activities,
to develop human resources,
to mobilize resources and tools in a balanced and equitable manner, to reduce economic inequality and Reducing poverty, and making
ing public service delivery more efficient.

Five priorities of the budget

economic reform and promotion of the private sector,
agriculture, energy, information technology, tourism, industrial development and infrastructure construction,
education, development of social sectors including health,
inclusiveness and social security, and
Promotion of good governance and improvement in public service delivery.

Five strategies of economic reform

structural reform

Based on the feasibility analysis of the national economy, a new phase of economic reform program will be launched to achieve high rate of economic growth and integrated economic corridor development, expansion of digital economy and green economy by identifying the main driver areas of economic growth. In this regard, a high-level economic reform suggestion commission will be formed to recommend

business environment improvement

industry and investment law amendment, policy stability and guarantee of investment security, country rating, Bilateral investment and double tax exemption agreement, increasing the limit of service fees that can be taken abroad for technology transfer, provision to reinvest the income earned by transferring technology abroad up to a certain limit and collecting small capital to establish a private company to invest in enterprise and infrastructure development. The business environment will be improved by encouraging the sector.

Public finance system reform

Tax system reform and policy stability, The public finance system will be reformed to ensure consistency between fiscal and monetary policy, sustainability of public debt, stability of the financial sector and enhancement of capital mobilization, frugal and efficient public expenditure management and purposeful financial transfers.

financial sector reform

Second financial sector development strategy formulation and implementation, promotion of digital payments, central bank digital currency preparation, expansion of economic activities in the formal sector, green finance and other financial sector reform programs will be carried forward.

Improvement in public administration

Good governance will be promoted in the public sector by making maximum use of information technology in the structural, functional and behavioral improvement of public administration and service delivery. In the coming financial year, the law on public responsibility and conflict of interest will be formulated. Five transformative areas of

budgeting