NA begins general discussions on budget for upcoming fiscal year

Kathmandu, June 4: The National Assembly (NA) has begun discussions on the government's estimated revenues and expenditures for the upcoming fiscal year 2082-83 BS (2025-26).     

Today's session of the Upper House endorsed the proposal put forth by Deputy Prime Minister and Minister for Finance Affairs to convene general discussions on the budget for the upcoming fiscal year.     

While tabling the proposal, the Minister said attempts have been placed to make the budget realistic and implementable as much as possible.     

"The Gross Domestic Product (GDP) for the current fiscal year is around 28 percent," he informed the House, adding that the government is effortful to limit the recurrent expenditures within the expected ceiling and increase capital expenditures.     

According to the Minister, the federal budget allocations to the province and local levels under the fiscal transfers have been increased in the upcoming fiscal year.     

He acknowledged that limiting the current expenditure and increasing the capital spending has remained a challenge for the government. As he said, it seems also difficult to secure sources for the upcoming budget amounting to Rs 1,964.11 billion.     

He further argued that the internal revenue target, loans, and grants have been presented in a realistic and predictable way.(RSS)