KATHMANDU, Dec 18: The government is facing a budget deficit while implementing the annual budget in the first five months of the current fiscal year (FY 2023-24 ).

KATHMANDU, Dec 17: Amid an impressive growth in remittance inflows, the outflow under the same heading is found to have increased by 46 percent in the first four months of the current fiscal year.

In the wake of alarming imbalance in fiscal data in the first five months of the current fiscal year (2023/24), it has become imperative for our government to address the growing disparity between revenue collection and recurrent expenditure.

KATHMANDU, Nov 1: The Kathmandu Metropolitan City (KMC) has collected Rs 1.17 billion in revenue in the past two months, which is almost Rs 230 million more than the corresponding period of the last fiscal year.

KATHMANDU, Oct 4: The Department of Commerce, Supplies, and Consumer Protection (DOCSCP) has intensified its monitoring efforts, inspecting a total of 1,480 commercial establishments during the first one and a half months of the current fiscal year.

KATHMANDU, June 25: The Pokhara Metropolis has outlined its plans in the policies and programs for the upcoming fiscal year 2023/24, highlighting its intention to facilitate the opening of Pokhara’s Lakeside round the clock.

KATHMANDU, June 15: The subject of exploring the potential for the cultivation of cannabis, which is internationally known as ‘green gold’, has been included in the budget for the next fiscal year (FY 2023/24). However, amending the national laws to achieve this goal is not enough as the government has to abide by the international conventions as well.

KATHMANDU, June 15: The Bagmati Provincial Assembly is scheduled to hold a meeting today at 2 PM. In the meeting, Minister for Economic Affairs and Planning of Bagmati Province, Bahadur Singh Lama, will table the survey proposal of revenue and expenditure for the upcoming fiscal year 2023/24.

KATHMANDU, May 21: CPN-UML Chairman KP Sharma Oli has said that the government’s policies and programs presented for the upcoming fiscal year 2023/24 do not reflect ground reality.

KATHMANDU, April 9: The government is currently preparing the budget for the upcoming fiscal year 2080/81. At the same time, the Ministry of Finance has asked for open suggestions on matters related to the budget.

BIRGUNJ, Nov 30: The revenue collection from Birgunj Customs Office is in the decreasing trend in the first few months of the current fiscal year.

BUTWAL, August 2: Bhairahawa Customs, the second largest in the country, has collected 10 percent less revenue than the target this time. In the last fiscal year 2078/79, the office collected over Rs 115 billion in revenue. This amount is 90.94 percent of the revenue collection target set for the office in the last fiscal year.

KATHMANDU, July 15: The Foreign Employment Tribunal has settled the highest number of cases in the current fiscal year since its establishment in 2066 BS. The tribunal settled 73.46 percent of the cases during this fiscal year.

JANAKPUR, July 1: As many as 501 persons died in various disasters in various districts of Madhesh Province in the first 11 months of the current fiscal year.

KATHMANDU, June 20: Discussion on Appropriation Bill 2079 BS will continue in the National Assembly on Tuesday. The National Assembly today discussed various topics related to law, justice and parliamentary affairs, youth and sports, forest and environment, labor employment and social security, urban development, women and children and senior citizens and agriculture and livestock development.

KATHMANDU, June 7: The government has revised the rate of income taxes from the new fiscal year 2022/23.

KATHMANDU, June 2: A resolution proposal on the implementation of federalism has been tabled in the National Assembly under the Federal Parliament.

KATHMANDU, May 28: The Economic Survey of the fiscal year 2022/23 is to be presented at the House of Representatives (HoR) on Saturday.

KATHMANDU, May 27: A meeting of the National Assembly today passed the Policies and Programs of the Government by majority.

KATHMANDU, May 26: The National Assembly has begun deliberations on the government’s policies and programs for the upcoming fiscal year 2022/23. The policies and programs for the new fiscal year were presented by President Bidya Devi Bhandari before a joint session of the Federal Parliament on May 24.

KATHMANDU, May 11: The government is scheduled to present its Policies and Programs for the upcoming fiscal year 2022/23 in parliament on May 21. President Bidya Devi Bhandari has called a parliamentary session on May 17.

KATHMANDU, April 20: The Ministry of Urban Development has decided not to add a budget in the policy and programs for the construction of view towers and assembly halls in the new budget.

No miracle is going to happen in our historic trend of low capital expenditure this year, too. Same as ever, we will see a huge portion of the expenses being made in the last month of this fiscal year too (Asare Bikas accounting for almost 30% of capital expenditure).

KATHMANDU, Feb 3: With the establishment of an industrial environment in the country in recent periods, the registration of industries has increased.

NEW DELHI, Jan 29: India’s economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released Friday.

KATHMANDU, May 15: As President Bidya Devi Bhandari is unveiling the government's policies and programs for the upcoming fiscal year 2020/21 later today, many are waiting curiously to see how the head of state presents herself in parliament this time.

KATHMANDU, Jan 14: The Commission for the Investigation of Abuse of Authority (CIAA) has sued 814 individuals for misappropriations totaling over Rs 4 billion during the last fiscal year.

KATHMANDU, Aug 5: Madhesi Commission has spent over Rs 30 million to conduct a series of training and orientation programs in various districts in the last fiscal year.

BHAIRHAWA, July 31: Eighteen Nepalis in Rupandehi district renounced their citizenship in the last fiscal year 2018/19. According to the acting CDO of Rupandehi, Bharat Kumar Sharma, they gave up Nepali citizenship in order to acquire the citizenship of other countries.

KATHMANDU, July 29: The state-owned Rastriya Banijya Bank (RBB) Ltd earned over Rs 4.5 billion in net profit in the last fiscal year 2018/19.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) has introduced its monetary policy for the new fiscal year 2019/20, focusing on making liquidity management more efficient and maintaining interest rate stability.

KATHMANDU, July 17: Minister for Communication and Information Technology Gokul Prasad Baskota has directed all departments and offices under the ministry to work to meet the target announced by the government.

KATHMANDU, July 16: Internet Service Providers (ISPs) are set to charge 13% telecommunication service charge (TSC) to their users from the upcoming fiscal year- FY 2019/20.

DHANGADHI, July 9: As the current fiscal year nears its end, Sudur Paschim Province has intensified development activities, spending the development budget in a hurry so as to prevent budget-freezing.

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 5: Over 40 new 'smart' public toilets are to be built across Kathmandu by the end of the upcoming fiscal year, while those currently in operation will get a facelift, according to Kathmandu Metropolitan City (KMC) office.

KATHMANDU, June 29: Trade deficit widened by 17.4% in the first 11 months of the current fiscal year 2018/19 to Rs 1,211.97 billion.

KATHMANDU, June 26: The Kathmandu Metropolitan City (KMC) has proposed increasing the tax net in the new fiscal year 2019/20 rather than increasing the rates of taxation.

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 20: The external sector position of the country continues to deteriorate in the tenth month of the current Fiscal Year 2018/19 with the balance of payment (BoP) slipping into a deficit of Rs 68.2 billion.

KATHMANDU, June 16: All seven provincial governments are unveiling their budgets for the upcoming fiscal year on Sunday.

SINDHULI, June 5: Locals in the district have appreciated budget allocation by the government for the Sunkoshi-Marin Diversion Project, a national pride project, for the upcoming Fiscal Year 2019/20.

The Week in pictures for the week May 26 - June 1.

May 31: The budget unveiled Wednesday for the fiscal year 2019/20 has drawn a mixed reaction from the seven provinces. Some provinces have welcomed the budget for allocating funds for projects prioritized by the provincial governments while others have criticized it for failing to introduce any new programs or to understand the needs of the respective provinces.

KATHMANDU, May 30: The government has increased the budget for sports development by Rs 1.96 billion for the upcoming fiscal year.

KATHMANDU, May 30: The government has said that it would focus on modernization and commercialization of agriculture sector to protect people's rights to food and eliminate poverty.

KATHMANDU, May 30: The government has decided to prioritize meeting, incentive conference and exhibition (MICE) tourism to bring high spending tourists to the country.

Budget highlights

KATHMANDU, May 30: The government has unveiled a budget of Rs 1.53 trillion for the upcoming fiscal year 2019/20 without introducing any notable new development project while raising the rates of major taxes and increasing allocations for distributive programs.

Your daily dose of missed important news of the day.