NEW DELHI, Feb 1: Indian Finance Minister Nirmala Sitharaman on Monday unveiled the budget for fiscal 2021-22, that aims to shore up an economy badly-hit by the novel coronavirus pandemic.

KATHMANDU, Nov 30: Minister for Finance Bishnu Prasad Poudel has allocated the entire budget under the Local Infrastructure Development Partnership Program for the development of health infrastructures this year.

​73.26 percent financial progress and 75.3 percent physical progress achieved in  energy related projects

SIRAHA, July 31: Uncertainty is increasing with six local levels in Siraha district failing to bring the budget for the fiscal year 2020/21. These local levels should have brought their annual estimates of income and expenditure within June 24 but have not been able to due to internal conflict and disagreement between the people's representatives.

The government has allocated Rs 41.4 billion for the agriculture sector in this year’s budget. Many had high expectations that the new budget would be a dramatic departure from the past and make bold decisions to allocate more budget in agriculture. However, the share of agriculture budget to the total budget stands at 2.8 percent. Furthermore, the Ministry of Agriculture and Livestock Development (MOALD) is receiving only Rs 37.40 billion to conduct agriculture-related programs. Compared to the ambitious programs that the government has put forth, the amount is far less to meet the necessary expenses. Of the budget, Rs 2.62 billion will go to provinces, Rs 5.44 billion will go to local governments and Rs 4 billion has been separated under the heading of the financial management of the loan that the World Bank and International Fund for Agriculture Development (IFAD) will be providing for the country’s farming sector. Rs 11 billion has been set aside for the subsidy in fertilizers.

KATHMANDU, June 2: Although the government talks about curtailing unproductive expenses to economize the funds, the budget is found to have provisioned excess expenses under a number of headings.

KATHMANDU, May 30: In the budget for fiscal year 2020/21, the government has talked much about facilitating a number of programs to generate employment opportunities via cooperatives, but it has failed to outline mechanisms to monitor the largely unregulated sector where several cooperatives have misappropriated billions of rupees of their members.

KATHMANDU, May 30: A new budget provision to revoke concessions and subsidies, while importing electric vehicles(EVs), has irked environmentalists, clean energy enthusiasts, and importers.

KATHMANDU, May 28: Despite criticism from various quarters, the government has given continuity to the Local Infrastructure Development Program (LIDP), previously known as the Constituency Development Fund.

Budget to promote green energy

May 28, 2020 18:11 pm

KATHMANDU, May 28: A total of 1,300 MW of electricity will be added to the national grid, says the government budget for fiscal year 2020/21.

KATHMANDU: The government has announced that it will expand the 'School Meal Program' across the country.

KATHMANDU, May 28: The government is unveiling its budget for the next fiscal year 2020/21 later today. Minister for Finance Yuba Raj Khatiwada is scheduled to present the budget -- the estimates of expenditures and revenues of the government -- at a joint meeting of the federal parliament at 4 PM today. The federal government is bound by the constitution to present its budget on Jestha 15 each year for the upcoming fiscal.

Saving for that trip you want to take

February 21, 2020 11:50 am

Traveling can be expensive. But you don’t need to win the lottery or take out a loan to be able to travel and travel well. You can take that trip you have been meaning to go on without breaking the bank if you are just a little wise with your money.

KATHMANDU, Feb 4: The parliamentary Development and Technology Committee on Monday directed the government for revising project design process to ensure timely construction of bridges that have remained affected for a long time due to faults in design.

Chitwan, Jan 27: The district-based province offices has made only 5.10 percent of the budget appropriated for development in the six months of the fiscal year 2075/76 BS.

Expedite capital spending

December 22, 2019 11:13 am

One of the biggest ironies of Nepal’s budget system has been that while the country somehow manages to allocate budget for development of infrastructure projects, huge portion of such budget remains unspent, even frozen in some cases. During the pre-budget discussion period, leaders from local, provincial and federal spheres demand money for different development activities. The respective governments address their concerns too by allocating it for the development projects demanded by them.

Gandaki CM assures budget for SAG

November 22, 2019 09:19 am

POKHARA , Nov 22: Chief Minster for the Gandaki Province Prithivi Subbha Gurung inspected the Pokhara Stadium on Thursday.

Tips for traveling on a budget

November 1, 2019 10:37 am

Imagine going on a lengthy trip to the island of Tuvalu and having the time of your life but realizing you don’t have enough money to buy a return ticket back home. Or maybe you are traveling through multiple countries at once, say in Europe, and realize that you have spent way more than you were planning to during just half of the trip. Lack of a proper budget is what stops most of us from hopping on a plane to that place you’ve always wanted to visit.

UN Budget : Who Has Paid Their Dues?

September 25, 2019 00:00 am

All permanent UN members have made their full regular payments to the intergovernmental body, except the United States.

RAJBIRAJ, Aug 28: Five rural municipalities of Saptari district are likely to lose federal grants after failing to hold their respective council meetings and unveil budget as required by the Local Government Operation Act 2017.

RASUWA, Aug 18: The Ministry of Finance has approved budget for upgrading Mailung-Syafrubesi section of Galchhi-Rasuwagadhi Road.

NTB bringing Rs 1.5 billion budget

August 17, 2019 08:21 am

KATHMANDU, Aug 17: Nepal Tourism Board (NTB) is preparing a budget of around Rs 1.5 billion for the current fiscal year 2019/20.

Budget’s fake economics

August 7, 2019 01:30 am

How will Nepal achieve 8.5 percent growth? Likely sources of growth do not point to more than a mediocre performance, around four to five percent

KATHMANDU, Aug 6: The Finance Ministry now can pull back the budget allocated to projects if it not used within the second quarter of a fiscal year.

20 Million Budget for NEFA

August 3, 2019 16:58 pm

A new award function is being added to the Nepali film fraternity. Nepali Film Award (NEFA) was announced to be held in November amid a special event held in Kathmandu on Wednesday.

DHADING, July 22: Nilkantha Municipality of Dhading had allocated Rs 140.2 million for construction of roads and bridges during the last fiscal year. Among the priority projects of the local unit, a few have been completed while the fate of some others hangs in the balance.

Dhangadi, July 7: The ruling side and the opposition parties have finally come to an agreement to resume the meeting of the Sudur Paschim State Assembly. It was being obstructed repeatedly since the tabling of the budget for the new fiscal year 2019/20.

KATHMANDU, July 6: India has announced financial assistance of 10.5 billion Indian rupees, or 16.8 billion Nepali rupees, to Nepal for the upcoming fiscal year – FY2019/20.

KATHMANDU, July 5:  Finance Minister Dr Yubaraj Khatiwada on Friday clarified that the recently unveiled budget for the fiscal year 2019/20 has not discriminated against anyone.

Your daily dose of missed important news of the day.

NEW DELHI, July 5: India on Friday unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in power.

NEPALGUNJ, July 5: The fifth town assembly of Nepalgunj Sub-metropolitan City has endorsed a budget of two billion 288 million 554 thousand rupees for the next fiscal year 2019/2020.

KATHMANDU, July 1: The Ministry of Federal Affairs and General Administration (MoFAGA) had made it mandatory for local units across the country to unveil the budget before June 25. However, around 118 local units are yet to do so despite missing their deadline. The dispute between local representatives, lack of manpower and coordination between the officials have been learnt to be the major reasons behind the delay.

KATHMANDU, June 30: Nepali Congress lawmaker Anita Devkota registered an amendment proposal on the fiscal year budget of the Ministry of Water Supply (MoWS) on Sunday.

RUPANDEHI, June 26: The budget of Butwal Sub-metropolitan City for the upcoming fiscal year 2019/20 prioritizes urban infrastructure development, tourism, trade and industry.

NEPALGUNJ, June 26: Nepalgunj Sub-metropolitan City has unveiled a total annual budget of Rs 2.28 billion for the Fiscal Year 2019/20, with Rs 1.21 billion in current expenditure and Rs 1.04 billion in capital expenditure.

DHADING, June 26: Dhading's five local units have failed to present their budgets even as the deadline to do expired on Tuesday.

KATHMANDU, June 26: Local governments across the country have unveiled their annual budgets for the next fiscal year, their second budgets since they came into existence following the 2017 local elections.

KATHMANDU, June 26: The house of representatives (HoR) has approved the Appropriation Bill 2075 (2019), clearing the legal way for the government to make spending as proposed by Minister for Finance Yuba Raj Khatiwada for Fiscal Year 2019/20.

KATHMANDU, June 25: The Kathmandu Metropolis has made public the budget of Rs 15.50 billion for the coming fiscal year. Deputy Mayor Hariprabha Khadgi Shrestha presented the budget in the fifth convention of the Metropolis' Council on Tuesday.

HoR passes Appropriation Bill

June 25, 2019 19:30 pm

KATHMANDU, June 23: The session of House of Representatives (HoR) of Tuesday has endorsed the 'Appropriation Bill-2076BS' with a majority of votes.

POKHARA, June 23: Gandaki Province has been preparing to develop 44 places of the province as major tourism destinations. The provincial government has allocated Rs 170.60 million for the purpose.

RAUTAHAT, June 23: Husnara Khatun, deputy mayor of Ishnath Municipality, has accused the mayor and the chief administrative officer (CAO) of misappropriating budget funds meant for development projects.

KATHMANDU, June 22: To achieve the sustainable development goals (SDGs), there will be an average investment requirement of Rs 2,024.8 billion per year until 2030, according to an estimate by the National Planning Commission (NPC).

KAILALI, June 21: This year Gauriganga Municipality did not sanction any budget for the road connecting Badhaipur and Talbanda despite its dilapidated condition.

KAILALI, June 21: This year Gauriganga Municipality did not sanction any budget for the road connecting Badhaipur and Talbanda despite its dilapidated condition.

JUBA, June 20: South Sudanese lawmakers stormed out of a budget presentation for the 2019/20 financial year by the finance minister on Thursday, with one citing frustrations over non-payment of salaries of civil servants and soldiers.

KATHMANDU, June 19: The Ministry of Finance (MoF) has transferred Rs 84.51 million from one budget heading to another to finance foreign junkets of top-ranking functionaries and officials in the past two months alone.

Big and distributive

June 18, 2019 02:00 am

Budgets of provincial governments

KATHMANDU, June 17: General Secretary of Nepali Congress Shasanka Koirala has expressed displeasure for not allocating enough budgets at the local levels.