BHAIRAHAWA (RUPANDEHI), July 15: In the current fiscal year 2023/24, the Lumbini Province government has spent only 66.14 percent of its annual budget.

JANAKPURDHAM, July 10: The Madhesh Province government was unable to spend a large portion of its budget for the current fiscal year 2023/24.

KATHMANDU, July 9: The government’s trend of spending excessive budget in the eleventh hour continued in the current fiscal year despite its commitment to reduce expenditure in the last month.

KATHMANDU, June 29: The government has overturned its own decision not to transfer the budget in the last month of the fiscal year, which it announced in the annual budget for the FY 2023/24.

KATHMANDU, June 17: All the seven provincial governments have announced a total budget of Rs 278.67 billion for the next fiscal year.

SUDURPASCHIM, June 16: The Sudurpaschim Province Government has brought a new budget of Rs 31.62 billion for the upcoming fiscal year 2024/025.

JANAKPURDHAM, June 16: The Madhesh Province government has announced a budget of Rs 43.89 billion for the fiscal year 2081/82 BS.

HETAUDA, June 16: The Bagmati Province Government has unveiled a budget of Rs 64.54 billion for the fiscal year 2024/025.

BIRATNAGAR, June 15: The Koshi province government has allocated Rs 35.28 billion for the upcoming fiscal year.

SURKHET, June 15: Karnali Province has allocated Rs 1.16 billion for the Chief Minister's Employment Program.

KATHMANDU, June 12: The House of Representatives (HoR) plans to pass the budget for the next fiscal year 2024/25 on June 21.

KATHMANDU, June 3:  Lawmakers have expressed mixed reactions to the budget announced for the upcoming fiscal year.

KATHMANDU, June 2: The national budget for the fiscal year 2024/25, presented by the government, is under discussion in both houses of the Federal Parliament, starting today.

In developing countries, a high proportion of economic activity is controlled, directly or indirectly, by the government, where the political process determines the allocation of resources. However, in advanced countries, the budget is a mechanism by which taxpayers and their representatives control the financial activities of the government, distributing public power between different sectors and creating a system of checks and balances.

KATHMANDU, June 1: The meeting of the CPN-UML Parliamentary Party is currently underway to discuss the budget presented by the government in the House of Representatives.

KATHMANDU, June 1: Both the houses of the Federal Parliament will commence discussions on the budget from Sunday.

KATHMANDU, May 31: The price of gold has surged by Rs 1,700 per tola on Friday, reaching an all-time high.

KATHMANDU, May 29: The government has estimated to utilize only Rs 1.530 trillion of the budget compared to the announced expenditure for the current fiscal year. Finance Minister Barsha Man Pun said the revised estimation of recurrent expenditure stands at Rs 1.067 trillion, while those on capital expenditure and financial provision will be Rs 215.30 billion and Rs 247.55 billion, respectively.

KATHMANDU, May 29: The government has announced a total budget of Rs 1.860 trillion for the fiscal year 2024/25.

KATHMANDU, May 29: The main opposition, Nepali Congress (NC), has said that the budget is ritualistic and fails to address the key economic issues facing the country.

KATHMANDU, May 28: The government has announced a budget of Rs 1.860 trillion for the upcoming fiscal year 2024/25.

KATHMANDU, May 28: Finance Minister Barsha Man Pun is presenting the budget for the fiscal year 2024/25 in the Federal Parliament.

KATHMANDU, May 26: The Ministry of Youth and Sports has set ambitious agendas for the upcoming fiscal year. The ministry plans to establish sports science labs, procuring top-notch fitness equipment for athletes, promoting indigenous and traditional sports, and instituting programs to identify talented athletes.

Nepal’s total foreign trade declined Rs 36.69 billion in the first 10 months of the current Fiscal Year (FY) 2023/24. The records with the Department of Customs (DoC) show that Nepal’s total foreign trade stood at Rs 1.429 trillion during mid-July 2023 and mid-May 2024, down from Rs 1.466 trillion in the same period last year. The decline in the trade volume has been attributed to the ongoing economic slowdown of the landlocked country. The decline is also attributed to the decline in the consumption and investment in the country.

Kathmandu, May 15: The government has pledged to take necessary initiatives to address issues of the banking sector as well as financial institutes, microfinance, and cooperatives.

KAILALI, May 14: The Sudurpaschim Province government has been able to spend just 34.5 percent or Rs 10.646 billion of the annual budget in the first 10 months of the current fiscal year.

KATHMANDU, May 14: Nepal Rastra Bank (NRB) has submitted 190 recommendations to the Ministry of Finance for the budget of the next fiscal year 2024/25.

KATHMANDU, May 10: While the government is drafting the budget for next fiscal year, private sector and economists have recommended the government to bring in programs to lift the confidence of the private sector.

KATHMANDU, May 8: Prime Minister Pushpa Kamal Dahal has asserted that the government’s policies and programs and the national budget for the upcoming fiscal year would be introduced in a new manner.

KATHMANDU, May 7: The Federation of Women Entrepreneurs’ Associations Nepal (FWEAN) has urged the government to prioritize women entrepreneurs in the upcoming budget for the fiscal year 2024/25. Finance Minister Barsha Man Pun hosted a program at the ministry on Monday to gather suggestions from women entrepreneurs regarding the upcoming budget.

KATHMANDU, May 5: Finance Minister Barshaman Pun has reiterated his stance of announcing the budget for the upcoming fiscal year within the ceiling provided by the National Planning Commission (NPC), but Prime Minister Pushpa Kamal Dahal seems to be on the side of breaching the threshold given by the NPC.

SURKHET, April 26: Chief Minister of Karnali Province, Yam Lal Kandel, met Finance Minister Barshaman Pun and discussed the projects that should be given special priority in the budget of the coming fiscal year.

KATHMANDU, April 18: The government has approved the Start-up Enterprises Credit Operation Work Procedure 2023. In line with the provisions outlined in the current fiscal year's budget, the government is set to disburse loans to start-up enterprises at an interest rate of three percent.

KATHMANDU, April 14: The main opposition party, the Nepali Congress (NC), has objected to the government's decision to conclude the current session of the Federal Parliament. A meeting of the NC Parliamentary Party held today said that serious attention has been drawn to the recommendation made by the government to prorogue the current budget session while there is enough time for the budget session.

BIRGUNJ (Parsa), April 8: Finance Minister Barsha Man Pun has vowed to maintain transparency while determining the rate of revenues in the budget statement for the next fiscal year 2024/25.

KATHMANDU, April 8: Economists have urged the government to come up with a realistic budget while announcing the financial plan for the next fiscal year.

KATHMANDU, April 5: Finance Minister Barshaman Pun has said the government is preparing to allocate the budget only to those projects that have the capacity to spend it.

KATHMANDU, April 3: National Sports Council (NSC) Member Secretary Tanka Lal Ghising has voiced concern over the inclusion of programs in the budget without proposals from the body concerned, the NSC.

KATHMANDU, March 30: The Ministry of Finance has formed a budget drafting committee for the upcoming Fiscal Year (FY) 2024/25.

KATHMANDU, March 25: Prime Minister Pushpa Kamal Dahal has pledged to address the issue concerning the establishment of Shaktikhor industrial corridor through the budget for the upcoming fiscal year.

GODAVARI (Kailali), March 17: The budget allocated for running the 'One District, One Industry' program in Sudur Paschim Province is found to be insufficient.

BIRATNAGAR, March 6: The Koshi Province government has decided to extend the term of the employees working on contract basis in the province.

KATHMANDU, Feb 29: Prime Minister Pushpa Kamal Dahal has spoken of the need for putting in place a system requiring the very person responsible for causing damage or losses to the State to compensate for such damage or losses.

The government on Monday reiterated its priority to construct Nijgadh International Airport (NIA) while unveiling the Principles and Priorities of Budget for the next fiscal year. The construction process will be taken forward after finalizing the investment design of Nijgadh Airport.

KATHMANDU, Feb 25: At a time when there are complaints that the provincial structure has only increased the burden of expenses for the country, questions have been raised on the capacity of the provincial governments to work. All the seven provincial governments have failed to spend their budgets. Not being able to spend the budget means not being able to work as needed, say experts.

KATHMANDU, Feb 5: CPN (Maoist Center) Chairperson and Prime Minister Pushpa Kamal Dahal has directed the lawmakers of the party to play a strong role in the parliament in favor of the people.

KATHMANDU, Nov 26: Finance Minister Dr Prakash Sharan Mahat has pledged to allocate a budget for women’s empowerment and enhancement of their rights.

BIRATNAGAR, Nov 26: Chief Minister of Koshi Province, Kedar Karki, has said that the budget substitution bill tabled before the Koshi Province Assembly is focused on public welfare.

SUDURPASCHIM, Nov 3: Work on upgrading the Kailali-Kanchanpur road under the national pride Postal Highway project has been sluggish in recent years, thanks to insufficient budget.

KATHMANDU, Sept 7: The Civil Aviation Authority of Nepal (CAAN) has allocated a budget of Rs 36.67 billion for the fiscal year 2023/24.