Major policies for upcoming fiscal year: Total Budget : Rs 15.32 kharbaad space
Rs 1.63 kharba for education
Rs 68 arba for health sector
Rs 43.46 arba for drinking water
Rs 64.5 arba for social security
Rs 34.80 arba for agriculture
Rs 23.63 arba for irrigationad space
Rs 15.49 arba for forestry and environment
Rs 22.68 arba allocated for tourism
Rs 2.87 arba allocated for industry
Rs 11.74 arba allocated for commerce and supplies
Rs 89.83 arba for energy
Rs 1.53 kharba for transportation management
Rs 43.73 arba for housing and urban developmentad space
Rs 15.85 arba for air infrastructure
Rs 3.99 arba for youth and sport
Speaker of House of Representatives; Krishna Bahadur Mahara announced the date and timing of budget for upcoming fiscal year 2076/77. The budget will be presented by Finance Minister Mr. Yubaraj Khatiwada today 15th Jestha, 2076, Wednesday at 4 o’ clock.
This year’s budget will be Khatiwada’s second presentation on how Nepalese economy will mold in the days to come. Last year, finance minister Khatiwada set the target economic growth of 8%. Many parliamentary members from the party of opposition and few members from the same party out lashed Khatiwada’s budget policy last year labeling it as “extremely optimistic”.
Khatiwada’s assurance of an 8% economic growth did not live up to the expectation. However, recent Nepal Investment Summit and several conferences with World Bank and International Monetary Fund have paved paths for foreign direct investment and infrastructural development.