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clickmandu TechSathi
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Started 1 day ago · Updated 15 hours ago

Nepal Government Pledges 1% of Capital Expenditure for Research and Innovation

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The Government of Nepal has announced it will allocate one percent of its total capital expenditure towards science, technology, research, and innovation for the upcoming fiscal year 2083/84. This decision, presented by Finance Minister Dr. Swarnim Waglé during the federal budget presentation, aims to foster technological advancement and support national development through increased R&D investment.

  • The commitment was unveiled by Finance Minister Dr. Swarnim Waglé while presenting the federal budget for the fiscal year 2083/84 in a joint session of the Federal Parliament.
  • This policy decision is seen as a significant achievement for science advocates, particularly Mahabir Pun, who had campaigned for years for increased state investment in research and innovation.
  • The government's aim with this budgetary provision is to cultivate a culture of technological advancement and modern problem-solving within Nepal.
  • This move signals a strategic shift towards supporting domestic technological solutions and evidence-based economic growth.

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