May 7: The budget session of federal parliament kicked off on Sunday. The budget session called by President Ram Chandra Paudel as per Article 91 (1) of the Constitution began its business at the Parliament Building at 4pm on Sunday.
The meetings of both the National Assembly and House of Representatives kicked off with the beginning of the budget session.
Finance Minister Prakash Sharan Mahat, on behalf of the government, presented the appropriation bill on Sunday. With the beginning of the session, a pre-budget discussion would be held.
Presenting a proposal seeking deliberations on the principles and priorities of appropriation bill (except tax) for fiscal year, 2080/81, Finance Minister Mahat said that the budget would be brought by paying attention to make the economy dynamic and ensuring inclusive economic growth.
He claimed that the national economy has been showing positive signs with the increase in tourism activities, remittance inflow and foreign currency reserve despite challenges.
“In order to bring economy back on track, the government must maintain strict discipline in current expenditure and capital expenditure,” said Minister Mahat.