FY 2026/27 budget to be unveiled today: Focus on reform and austerity

english.nepalnews.com · 1 day ago

Finance Minister Dr. Swarnim Wagle is presenting the fiscal year 2026/27 budget, which prioritizes administrative governance, tax adjustments, and a 15% salary hike for civil servants, aiming to expedite national projects and eliminate underperforming public entities. The budget faces challenges due to Nepal’s persistent fiscal strain, with revenue collection and capital spending lagging significantly behind allocations, leading to heavy reliance on public debt.