Kathmandu, Mar 5: The Ministry of Finance has commenced the formulation of a budget for the upcoming fiscal year 2082/ 83 BS (2025-26). Today, the Ministry consulted with the Ministry of Physical Infrastructure and Transport, related departments and bodies, on the budget topic.
During the meeting, Deputy Prime Minister and Minister for Finance, Bishnu Prasad Paudel, pledges the reflection of fiscal discipline in the upcoming budget with it being realistic as well. As he said, if the budget could be realistic, the situation for transfer of amounts and amendments could be avoided, he said.
He was of the view of learning from the past for the budget formulations. As he said, the budget will be made by ensuring the coordination among the federal, province and local levels by considering the implementation of a federal setup in the country. Underlining the need of cooperation and support from all ministers and other bodies in the budget formulation procedures to increase its ownership of all quarters, the Minister vowed to incorporate projects in the budget with a pragmatic approach.
He proposed to cut small projects and reduce the number of sequential projects. Calling for considering the ceiling while proposing the budget, Finance Minister Paudel urged the Ministry to function in a planned way. The Natural Resources Estimation Committee has recommended the budget ceiling of Rs 196.5 billion for the upcoming fiscal year. #finance
