INSUBCONTINENT EXCLUSIVE:
KATHMANDU, MAY 29#13;In 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 that in the upcoming budget announced today, the government will ensure the entry of Non-Residential Nepalis
(NRNs) living abroad investments in the capital market
The Finance Minister further asserted that government will make sure that the entering funds from NRNs are diverted in the hydro and real
He further mentioned that license to new commodity exchange will also be provided
Earlier, the government had halted procedure to provide license for commodity exchange market in Nepal
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The same will encourage the small and medium scale enterprises in the best interest of the investors
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
