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
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The announcement took place during a joint session of the National Assembly and House of Representatives in
Addressing the joint session of the federal parliament this evening, Finance Minister Mahat stated that the Nepal Electricity Authority
(NEA) will be restructured to promote electricity production
NEA will be converted into a commercial organization, added Minister Mahat
The government will make legal arrangements to restructure NEA in a manner that it can mobilise debt, according to Minister Mahat
Similarly, Fin Min Mahat also stated that the government will also restructure Hydro Electricity Investment and Development (HIDCL) to make
He also asserted the import of hydro electricity will be ascertained to gain revenue.Legal arrangements will be made in a
manner to include private sector in the electricity business as well
#13;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