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May 29: Finance Minister Dr Yuba Raj Khatiwada will be presenting the budget for the fiscal year 2019/20 on Wednesday afternoon. According to the parliament secretariat, Minister Khatiwada is scheduled to present the budget at 4 pm.
It has been widely circulated that the size of the budget will be Rs 1.6 trillion, which is more than the budget of the current fiscal year by almost Rs 250 billion. The budget is expected to raise the social security allowance and increase the salary of government staff.
The National Planning Commission (NPC) on the eve of the budget announcement raised the ceiling of the budget from Rs1.49 trillion to Rs 1.57 trillion. This indicates that the government is preparing to announce populist programs, including a hike in the parliamentary fund despite much criticism.
The government had announced a budget of Rs 1.31 trillion in the current fiscal year but struggled to spend the amount. It has been reported that the government only spent 56 percent of the budget in the first 10 months of the current FY.
According to media reports, the government is preparing to collect Rs 1 trillion in taxes to finance its expenditures while the remaining amount will be generated from internal loan, foreign aid and loans.
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It has been widely circulated that the size of the budget will be Rs 1.6 trillion, which is more than the budget of the current fiscal year by almost Rs 250 billion. The budget is expected to raise the social security allowance and increase the salary of government staff.</p>
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The National Planning Commission (NPC) on the eve of the budget announcement raised the ceiling of the budget from Rs1.49 trillion to Rs 1.57 trillion. This indicates that the government is preparing to announce populist programs, including a hike in the parliamentary fund despite much criticism.</p>
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The government had announced a budget of Rs 1.31 trillion in the current fiscal year but struggled to spend the amount. It has been reported that the government only spent 56 percent of the budget in the first 10 months of the current FY.</p>
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According to media reports, the government is preparing to collect Rs 1 trillion in taxes to finance its expenditures while the remaining amount will be generated from internal loan, foreign aid and loans.</p>
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May 29: Finance Minister Dr Yuba Raj Khatiwada will be presenting the budget for the fiscal year 2019/20 on Wednesday afternoon. According to the parliament secretariat, Minister Khatiwada is scheduled to present the budget at 4 pm.</p>
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It has been widely circulated that the size of the budget will be Rs 1.6 trillion, which is more than the budget of the current fiscal year by almost Rs 250 billion. The budget is expected to raise the social security allowance and increase the salary of government staff.</p>
<p>
The National Planning Commission (NPC) on the eve of the budget announcement raised the ceiling of the budget from Rs1.49 trillion to Rs 1.57 trillion. This indicates that the government is preparing to announce populist programs, including a hike in the parliamentary fund despite much criticism.</p>
<p>
The government had announced a budget of Rs 1.31 trillion in the current fiscal year but struggled to spend the amount. It has been reported that the government only spent 56 percent of the budget in the first 10 months of the current FY.</p>
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It has been widely circulated that the size of the budget will be Rs 1.6 trillion, which is more than the budget of the current fiscal year by almost Rs 250 billion. The budget is expected to raise the social security allowance and increase the salary of government staff.</p>
<p>
The National Planning Commission (NPC) on the eve of the budget announcement raised the ceiling of the budget from Rs1.49 trillion to Rs 1.57 trillion. This indicates that the government is preparing to announce populist programs, including a hike in the parliamentary fund despite much criticism.</p>
<p>
The government had announced a budget of Rs 1.31 trillion in the current fiscal year but struggled to spend the amount. It has been reported that the government only spent 56 percent of the budget in the first 10 months of the current FY.</p>
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According to media reports, the government is preparing to collect Rs 1 trillion in taxes to finance its expenditures while the remaining amount will be generated from internal loan, foreign aid and loans.</p>
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