INSUBCONTINENT EXCLUSIVE:
KATHMANDU, MAY 29In a parliamentary session on Monday, Finance Minister Dr
Prakash Sharan Mahat unveiled the budget for the forthcoming fiscal year 2080/81.
The announcement took place during a joint session of the
National Assembly and House of Representatives in the federal parliament.
Addressing the joint session of the federal parliament this
evening, Finance Minister Mahat stated that Rs
15 Arba and 56 crores have been allocated for the Forest and Environment sector
Budget prioritises increase in capital expenditures: Finance Minister
Budget for health sector increased by Rs14 billion
Finance Minister Dr Prakash Sharan Mahat said that environmental balance will be maintained through forest, biological
diversity and watershed management
He said thart its contribution to the national economy will be increased by sustainable use of forest resources and development of
He stated that programs such as bamboo planting, recharge ponds, irrigation, landslide control, etc
will be conducted to protect water and land
The constitutional requirement obliges the government to reveal the budget on Jestha 15 each year.
Earlier, on Jestha 05, President Ram
Chandra Paudel, the incumbent at the time, had presented the ruling coalition government's policies and programs for the upcoming fiscal
Typically, the government formulates the budget based on its outlined policies and programs, serving as a blueprint for its planned course
This article first appeared/also appeared in https://thehimalayantimes.com
