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Started 1 week ago · Updated 14 hours ago

Finance Minister Wagle Pledges Focus on Excluded Areas in Upcoming Budget

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Finance Minister Dr. Swarnim Wagle has stated that the upcoming fiscal year's budget will prioritize excluded regions such as Sudurpaschim and Karnali, aiming to expand the middle class by uplifting weaker segments of society. He emphasized the adoption of a 'mission mode' for development projects and assured that the budget's principles and priorities would reflect honest implementation efforts.

• Lawmakers raised concerns during a parliamentary discussion on the Appropriation Bill for fiscal year 2083/84, with some noting the absence of terms like 'poor' and 'poverty' in the budget's principles and priorities.
• Specific demands from lawmakers included attention to citizens below the poverty line for basic healthcare and budget allocations to mitigate the impact of youth migration for employment.
• The Federal Parliament Secretariat will submit a report of suggestions and opinions from Members of Parliament regarding the budget's priorities and principles to the Prime Minister and the Ministry of Finance.
• The budget ceiling for the upcoming fiscal year has been set at approximately Rs. 1.89 trillion, with Finance Minister Wagle focusing on realistic budgeting and moving away from artificially inflated budgets.
• Dr. Wagle's first 45 days in office have shown signs of institutional reform and fiscal discipline, though market confidence and tangible economic results are still being closely watched.