npl977 >
NE
Government / Politics
epardafas.com clickmandu Nepal News
11 sources · 27 articles
Started 9 hours ago · Updated 8 hours ago

Nepal's Budget 2026/27: Government Scraps 31 Bodies, Restructures 18

Photo · english.pardafas.com

Finance Minister Swarnim Wagle presented the national budget for fiscal year 2083/84 (2026/27) to the Federal Parliament, announcing the abolition of 31 government bodies and the restructuring of 18 others as part of administrative reforms. The budget also aims to improve Nepal's sovereign credit rating and remove the country from the international grey list.

  • The government plans to introduce an automatic salary increment system for civil servants and security personnel.
  • A "Motherland Fund" (Matribhumi Kosh) will be established to support initiatives like an artificial intelligence factory.
  • The budget proposes "sunset laws" to expedite development projects and introduces green energy bonds.
  • Tax reforms include the abolition of 360 types of excise duties and the consolidation of fuel and vehicle levies into a single Green Tax.
  • The government aims to save approximately NPR 20 billion through spending cuts and administrative reforms.

Timeline (27)

Share ↗
Related
Government of Nepal Swarnim Wagle Federal Parliament Motherland Fund

More in Politics

See all ›
Nepal's Finance Minister to Present FY 2083/84 Budget Today Nepal's Finance Minister to Present FY 2083/84 Budget Today

Finance Minister Dr. Swarnim Wagle is scheduled to present the budget for the upcoming fiscal year 2083/84 (2026/27) at a joint meeting of the Federal Parliament today. The budget formulation is based on the government's 100-point reform agenda and the principles of the Appropriation Bill, incorporating suggestions from lawmakers and stakeholders.

47 articles · 8 hours ago
Nepal Government Doubles Child Nutrition Allowance to Rs 1,000 Nepal Government Doubles Child Nutrition Allowance to Rs 1,000

The Nepali government has doubled the child nutrition allowance to Rs 1,000 per month, as announced by Finance Minister Swarnim Wagle during the budget presentation for fiscal year 2026/27. This increase aims to enhance child welfare and nutrition support within social protection programs.

5 articles · 8 hours ago
Nepal's Parliament Sees Dramatic Rise in Young Lawmakers Nepal's Parliament Sees Dramatic Rise in Young Lawmakers

Nepal's parliament has experienced a significant shift with a dramatic increase in young lawmakers elected in the March 2025 elections, marking a new phase in the nation's political landscape. This surge in youth representation, with 102 individuals under 40 elected, contrasts sharply with previous elections and includes a notable presence from the Rastriya Swatantra Party.

5 articles · 9 hours ago
Nepal's Cabinet Approves FY 2026/27 Budget; Finance Minister Wagle Presents in Parliament Nepal's Cabinet Approves FY 2026/27 Budget; Finance Minister Wagle Presents in Parliament

Nepal's Cabinet has officially approved the federal budget for Fiscal Year 2026/27, with Finance Minister Dr. Swarnim Wagle presenting the annual estimates to a joint session of Parliament. Dr. Wagle broke with tradition by wearing national attire and carrying the budget documents in a file made of indigenous Nepali paper, a move his secretariat stated was to promote domestic production and emphasize a simple, cost-effective presentation.

7 articles · 9 hours ago