The government is currently grappling with a critical issue that requires immediate attention: the escalating public expenditure and resulting budget deficit. It has become evident that urgent measures are necessary to minimize government spending, as the current trajectory is unsustainable and poses a serious threat to the nation's financial stability and future development.

KATHMANDU, July 18: The government witnessed a budget deficit of Rs 397.87 billion in the last fiscal year due to low revenue collection amid soaring public expenditure.

KATHMANDU, Feb 10: Nepal requires significant investment and improved efficiency in spending to promote greater human capital accumulation mainly at the local levels as the country is in transition to a federal state, the World Bank (WB) has said.