New budget to continue existing programmes

Posted on: May 24, 2017 | views: 135

The government is estimated to present the budget of over Rs 120 billion for the fiscal year 2017-18, which is more by 15.2 billion than the current fiscal year's budget. 

The government is preparing to present a new budget on coming May 29, Monday by giving continuity to existing programmes. As per the constitutional deadline, the government shall present the budget on Jeth 15 in the Nepali calendar every year and in line with the constitutional provision.

Finance Minister Krishna Bahadur Mahara is preparing to present the statement of the estimated income and expenditure for a new fiscal year.

According to Chief Economic Advisor at the Ministry of Finance, Prof Dr Punya Prasad Regmi, social and economic development along with the implementation of federalism will be the focus of a new budget. 

Business community are encouraged with the ending of energy crisis at home and the work progress regarding the projects of national pride implemented by the government is satisfactory, he said. 

Govt. to present policy and programme tomorrow

The government is presenting the policy and programme for the coming fiscal year in the Legislature-Parliament tomorrow. 

President Bidya Devi Bhandari is scheduled to address at the Legislature-Parliament with the presentation of the government's policy and programme, said the Legislature-Parliament Secretariat.