May 29: The government has announced to curtail all sorts of incentives and additional allowances given to the government employees have been in the upcoming fiscal year (FY) 2023/24.

Finance Minister Dr Prakash Sharan Mahat informed this to a joint session of parliament while reading out the budget speech on Monday.    
Likewise, Dr Mahat announced dissolution of 20 different boards and development committees as per the recommendation of the Public Expenditure Review Commission 2075 BS.    
Likewise, state-owned institutions having similar areas of scope would be merged and adjusted in the province level, Dr Mahat added.    
Announcing the new budget, the finance minister said that public procurement system will be simplified, e-tender will be prioritized and integrated monitoring system will be made effective.  -- RSS