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Lifetime Free Healthcare for International Medalists After Retirement Announced

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The government has decided to provide lifetime free healthcare services to athletes who win medals at the international level after their retirement. Finance Minister Dr. Swarnim Wagle announced this during the presentation of the budget for the fiscal year 2083/84. He stated, “Lifetime free health treatment will be arranged so that international medalists can live with dignity after retirement.”

Minister Wagle also revealed plans to upgrade ten football stadiums with a capacity of at least 8,000 spectators, including floodlights, within the next three years. Furthermore, modern cricket stadiums will be constructed in the eight major cities within five years. There are also plans to build indoor multipurpose stadiums with at least 2,000 spectator capacity in Biratnagar, Lahan, Kathmandu, Pokhara, Butwal, Surkhet, and Dhangadhi.

According to him, the designs for the Mulapani Cricket Stadium, Girija Prasad Koirala Cricket Stadium, and the Fapla Cricket Stadium in Kailali will be reviewed, and investment modalities will be prepared. Additionally, students with interest and talent in sports will be selected from the basic level and provided training with residential facilities. Budget has also been allocated for the construction of necessary infrastructure for the 10th National Games to be held in Surkhet and the proposed 11th National Games in Madhesh.

गिलको शानदार शतक मद्दतमा गुजरात आईपीएलको फाइनलमा – Online Khabar

Gill’s Brilliant Century Propels Gujarat Titans to IPL 2026 Final

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Gujarat Titans defeated Rajasthan Royals by 7 wickets to secure their place in the IPL 2026 final. Captain Shubman Gill played a crucial role in the victory with a spectacular century, scoring 104 runs off 53 balls. Gujarat will face Royal Challengers Bangalore at the Narendra Modi Stadium in Ahmedabad next Sunday for the title.

In the second qualifier match held on Friday, Gujarat successfully chased the target of 215 runs set by Rajasthan, reaching the total with 8 balls remaining and losing only 3 wickets. Gill’s impressive innings of 104 runs off 53 balls anchored the chase, while Sai Sudarshan contributed a quick 58 runs off 32 balls. Together, they put on an unbroken opening partnership of 167 runs. Rajasthan bowlers Brijesh Sharma, Jofra Archer, and Nandre Burger each took one wicket.

After winning the toss, Rajasthan batted first and scored 214 runs for the loss of 6 wickets in their 20 overs. Vaibhav Suryavanshi played a powerful innings of 96 runs off 47 balls, including 8 fours and 7 sixes. Ravindra Jadeja remained unbeaten with 45 runs, while Donovan Ferreira played a cameo of 38 runs off just 11 balls, ending not out. For Gujarat, Kagiso Rabada and Jason Holder took 2 wickets each. The final match will take place on Sunday at Gujarat’s home ground.

Budget Relief Based on Political Standing

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The government has announced a budget of NPR 2,124 billion for the upcoming fiscal year, setting a target of 7 percent economic growth. Finance Minister Dr. Swarnim Wagle declared an increase in the personal income tax exemption limit to NPR 1 million. The budget introduces five new levies aimed at protecting and promoting domestic production and skills development. Kathmandu, 15 Jestha.
Following the formation of the strongest government in history, many expected a major ‘departure’ in the economy. But have you seen any transformative projects in roads or transportation? No, you haven’t. Instead, the budget has actually decreased compared to last year. Have any significant projects in hydropower or irrigation been introduced? Not at all. Education shapes the country’s future. Has there been any transformative plan for education? No, there hasn’t. Moreover, the education budget allocation has been reduced. Generally, it is believed that 20 percent of the budget should be allocated to education, but only 10 percent has been assigned in this budget.
The government has pledged to create 1.5 million jobs in five years, which means 300,000 jobs per year. To generate such employment, significant domestic and foreign investment must be attracted. However, have you heard of any appealing initiatives to draw foreign investment? You have not. Finance Minister Dr. Wagle repeatedly claimed he would deliver a transformational budget. The election, won decisively by the government through the strength of the janajati movement, provided a real opportunity for departure. Yet, Minister Wagle has missed that opportunity.
Minister Wagle has initiated changes starting with a new approach to budget writing, moving away from traditional formats. Promising relief for entrepreneurs and expansion of the middle class to stimulate the overall economy, he announced comprehensive revisions to tax rates. He proposed raising the personal income tax exemption limit to NPR 1 million and reducing the maximum tax rate from 39 to 29 percent. The budget statement also highlights reductions in customs duties on 273 types of raw materials, consolidation of 11 customs levels into 7, and abolition of excise duties on 360 goods. However, reviewing the economic bill that sets tax laws shows that it introduces regressive tax policies rather than reforms.
Nepal introduced VAT as a single sales tax in 1997 after abolishing various colorful taxes. Yet, this budget has introduced five new colorful levies under attractive names: Domestic Production Protection and Promotion Fee, Skill Development Fee, Clean Infrastructure Fee, Education Equality Fee, and Health Promotion Fee.
Finance Minister Wagle also announced plans to abolish, transfer, or restructure 60 government entities to make the government more efficient. This is a positive move. Still, the savings from this action do not appear sufficient to support the increased budget size. The investment promotion programs announced are not new.
The government targets 7 percent economic growth for the upcoming year. To achieve this, expansion of investment is essential. On one hand, the government’s spending capacity remains weak; on the other, private investment has not been encouraged. Consequently, the probability of meeting the economic growth targets is slim.

Former Finance Minister Paudel Highlights Challenges in Budget Implementation

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June 28, Kathmandu – Former Finance Minister and Vice Chairman of the CPN-UML, Vishnu Prasad Paudel, has described the government’s presented budget as ambitious. Speaking about the budget introduced by Finance Minister Dr. Swarnim Wagle in the federal parliament, Paudel pointed out that the main challenge lies in its implementation. “International circumstances are also impacting us. The current global situation is unfavorable,” he stated.

He further added, “Bringing in external loans and grants is not easy at this time. Under such conditions, preparing the budget was essential.” Despite the revised budget size having increased by 25 percent, Paudel noted that its execution would not be straightforward. He believes that although the budget size has expanded, inability to properly manage resources accordingly will affect its implementation.

Iran’s Champion Style Shines in Volleyball (Photos)

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News Summary

Reviewed in editing.

  • Iran defeated Kazakhstan 3–1 sets to claim the title at the CAVA Women’s Volleyball Championship.
  • The final match was held at the Dashrath Rangashala Covered Hall in Tripureshwor on Friday, where Iran remained undefeated.
  • By winning the title undefeated for the second consecutive edition, Iran has maintained its dominance in Central Asia.

May 29, Kathmandu – Iran has claimed the title of the CAVA Women’s Volleyball Championship while remaining undefeated throughout the competition.

In the final match held at Dashrath Rangashala Covered Hall in Tripureshwor on Friday, Iran defeated Kazakhstan 3-1 in sets to secure consecutive championships.

The tournament, which began in Kathmandu in 2024, saw Iran finish in third place in its inaugural edition.

However, in the subsequent two editions, Iran remained unbeaten and secured the championship, reinforcing its supremacy in Central Asia.

Photos

 

 

 

 

स्रोत दबाबले विकास बजेट स्थिर, साधारण खर्च र ऋण भुक्तानी चाप

Development Budget Remains Steady Amid Resource Pressures, Focus on Routine Expenses and Debt Repayment

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Summary

Reviewed and edited.

  • Finance Minister Dr. Swarnim Wagle presented a budget of NPR 2,124.34 billion (Rs 21.24 trillion) for the fiscal year 2083/84 to the Federal Parliament.
  • The government allocated NPR 431.10 billion (Rs 4.31 trillion) for capital expenditure within the total budget for the upcoming fiscal year.
  • The budget includes plans to abolish 31 unnecessary government agencies to reduce administrative expenses.

May 29, Kathmandu – The government has unveiled the budget for fiscal year 2083/84, maintaining a stable share of capital expenditure within the total budget amid various resource constraints.

Finance Minister Dr. Swarnim Wagle tabled a budget of NPR 2,124.34 billion before the joint session of the Federal Parliament.

This represents a 25.2% increase in budget size compared to the revised estimate of the current fiscal year 2082/83. However, despite the growth in overall budget size, the share allocated to capital expenditure did not increase.

For the next fiscal year, the government has earmarked NPR 431.10 billion, equivalent to 20.3% of the total budget, for capital expenditure.

In the current fiscal year, capital expenditure accounted for 20.8% of the budget. While the budget includes appealing reform programs, structural challenges remain evident.

This is largely because 79.7% of total resources must be directed toward routine expenses and debt servicing. Consequently, economists express understandable dissatisfaction with the budget brought forth by the Finance Minister.

Economist Prof. Dr. Resham Thapa pointed out that the trend of expanding the budget by borrowing internally is unsustainable in the long term.

According to him, government expenditures are generally non-productive. When the government taps internal loans competing with funds the private sector could employ, it does not benefit the economy.

Finance Minister Dr. Wagle has estimated current expenditures of NPR 1,270 billion (Rs 12.7 trillion) for the upcoming fiscal year, which is NPR 9 billion higher than this year’s allocation. Routine expenses account for 59.8% of the total budget this year.

The government has increased employee salaries and doubled some social allowances, though steps to reduce social security costs have not been significant.

Former Finance Minister Dr. Prakasharan Mahat expressed skepticism about the revenue and foreign loan targets being realistic. He acknowledged salary hikes as positive, but underlined challenges in resource management.

This year, the government has presented a budget with a deficit exceeding NPR 600 billion. Despite attractive programs and slogans overshadowing challenges, the former minister predicts implementation difficulties. He remarked, “It is hard to raise revenue, and although spending capacity needs improvement, it remains limited. Even with a two-thirds government, this might not be feasible.”

The government anticipates collecting only NPR 1,405 billion in revenue for the budget of NPR 2,124 billion. Foreign grants are estimated at NPR 6.17 billion, which surpasses the NPR 5.34 billion received in the current year.

The Finance Minister dismissed these targets as unrealistic amid criticism. The government aims to raise NPR 410 billion through internal borrowings and NPR 247 billion externally next fiscal year.

The National Planning Commission had proposed a ceiling of NPR 1,890 billion for next year. Economist and former Deputy Chairman of the Commission Dr. Prakash Shrestha emphasized the need for a realistic, implementable budget.

He noted that the new government has increased the budget size with a fresh mandate and policy platform. He believes that if this budget is executed effectively, its targets are achievable.

He cautioned, “Repeating the previous pattern of expanding budgets but failing to implement and then making cuts only during mid-term reviews will create problems.”

Optimistic Budget Focused on Reforms

The government has prioritized reforms in this budget. Former Finance Minister Rameshwar Khanal summarized the budget review stating, “Programs for reform are the hallmark of this budget.”

In line with its promise to expand the middle class, the government has removed the lower threshold for income tax, benefiting the majority of taxpayers. Experts view the employee salary increases as a positive step.

The government has reduced customs duties on industrial raw materials by at least one level, leading to reduced rates on 273 items. Additionally, excise duties on 360 items have been eliminated.

Taxes collected at customs points have been consolidated under a green tax system. Capital gains tax has been finalized and the process for automatic VAT refunds has been announced.

Emphasizing that tax compliance should be a partner in development rather than a punishment, the Finance Minister promised to resolve long-standing tax disputes caused by legal ambiguities and taxpayer ignorance.

The government plans to abolish unnecessary government organizational structures and streamline operations. This includes eliminating 31 agencies, six mergers, six transfers, and restructuring 18 entities.

Additionally, the government will pursue institutional reforms for cost reduction and efficiency improvements, encourage investment, and establish policy and legal frameworks for economic reforms and smooth service delivery. The Finance Minister is committed to accelerating and streamlining capital expenditures through these operational reforms.

Entrepreneur Ambika Prasad Paudel urged the Finance Minister to ensure that allocated capital expenditures are fully utilized. He expressed greater enthusiasm than ever before, stating, “My sole wish is that capital expenditures are fully executed, the tax law is clear, and past tax arrears reduction from 70% to 7% is sustained.”

Former Finance State Minister Uday Shamsher Rana expressed dissatisfaction, noting that despite the addition of NPR 657 billion in debt, only NPR 431 billion has been allocated for capital expenditure.

He indicated that public debt increased by 22.41% and that the budget is weak in reducing production, employment, and trade deficits.

While economists find the 22% budget growth ambitious, they raise concerns about implementation capacity.

Prime Minister Writes ‘Rest Assured!’ Following Budget Presentation

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Prime Minister Balen Shah posted a brief message on social media on Friday saying, “Rest assured.” The opposition has been persistently questioning Prime Minister Shah, accusing him of not addressing the parliament and being unaccountable. He neither spoke at the joint sitting of the federal parliament where the budget was presented nor at the Republic Day ceremony. Kathmandu, 15 Jestha – Since assuming office, Prime Minister Balen Shah has not addressed any public ceremonies. He has also yet to speak at parliamentary sessions. He primarily communicates through social media posts, which is his preferred style of presentation. The opposition continues to criticize him for avoiding parliamentary addresses, evading questions, and lacking accountability. Meanwhile, on Friday evening, he posted a status saying, “Rest assured.” Before posting this, Shah spent the day at Singha Durbar. Earlier that day, the federal parliament’s joint session saw the budget presentation, during which Shah was present. His social media post quickly garnered thousands of likes and comments within minutes. Additionally, he did not speak at the Republic Day ceremony held that morning.

Ronak Upreti and Swastika Chaudhary Crowned Champions at Tenzing Norgay Sherpa Open Lead Climbing Competition

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Summary: Ronak Upreti and Swastika Chaudhary emerged as champions in the third edition of the Tenzing Norgay Sherpa Open Lead Climbing competition. This year, the event was held in the technically challenging lead climbing format instead of the traditional top-rope method. Organized in memory of the first successful ascent of Mount Everest, the competition aims to promote adventure climbing sports in Nepal. (May 29, Kathmandu)

In the third installment of the Tenzing Norgay Sherpa Open Lead Climbing competition held Friday at Astrek, Kathmandu, Ronak Upreti and Swastika Chaudhary claimed the titles in the men’s and women’s categories respectively. The event was jointly organized by the Nepal National Mountain Guiding Association (NNMGA) and the US Nepal Climbers Association, featuring competition in both men’s and women’s divisions.

In the men’s category, Ronak Upreti secured first place, followed by Mirko Leros in second and Tenzing Bartin Rai in third. Swastika Chaudhary won the women’s category, with Yankila Sherpa finishing second and Panchmaya Tamang taking third place. The winners in both categories received cash prizes of NPR 50,000, with NPR 30,000 awarded to runners-up and NPR 20,000 to third place finishers. The final round included 12 climbers—6 men and 6 women—with one foreign climber among the finalists in the men’s division.

Member of Parliament Mingma Gyabu Sherpa attended the finals as chief guest, while Jamling Tenzing Norgay, son of legendary climber Tenzing Norgay Sherpa, was present as a special guest. Other dignitaries present included Ram Krishna Lamichhane, Director General of the Department of Tourism; Phur Gelje Sherpa, President of the Nepal Mountaineering Association (NMA); Laxuman Tamang, Chapter Coordinator of the US Nepal Climbers Association; and Santosh Maden, General Secretary of the Nepal Climbing Sports Association.

Tulasing Gurung, President of the Nepal National Mountain Guiding Association, noted that this edition was special as it was the first time the competition was held in the lead climbing format, which is more technically demanding. The previous two editions featured the top-rope climbing method.

The organizers stated that the competition’s primary goal is to promote adventure climbing in Nepal while honoring the contributions of world-renowned climbers Tenzing Norgay Sherpa and Sir Edmund Hillary. The event commemorates the historic first ascent of Mount Everest on May 29, 1953. According to Gurung, the competition was specially organized this year to coincide with May 29, a day traditionally observed with rallies, certificate ceremonies, and formal events. “This year, for the first time, we have organized a technically challenging lead climbing competition, which will play a positive role in developing Nepal’s climbing sector,” he explained. He added that holding the competition on such a significant historical day reflects deep respect for Tenzing Norgay’s courage and his contributions to mountaineering.

Organizers hope that this competition will further encourage the growth of Nepal’s adventurous climbing culture and inspire younger generations to engage in adventure sports and mountaineering.

ह्विस्की, रम र ब्रान्डीमा भन्सार र अन्त:शुल्क स्थिर

Customs and Excise Duty Rates on Whiskey, Rum, and Brandy Remain Unchanged

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The government has decided to maintain most of the customs and excise duty rates on alcoholic beverages without significant changes for the upcoming fiscal year. According to the Fiscal Bill 2083, the excise duty for beer has been set at NPR 255 per liter, while wine is now liable for NPR 490 per liter. The excise duties on brandy, whiskey, and rum remain unchanged. Imported liquors will be subject to an 80% customs duty. (May 29, Kathmandu)

The government has opted not to make substantial changes to the customs and excise duty rates on alcoholic beverages for the next fiscal year. Through the Fiscal Bill 2083, there has been a slight increase in the excise duty on beer, but rates for other alcoholic products have been maintained. Specifically, excise duty on beer made from malt up to five percent alcohol content has been fixed at NPR 255 per liter.

Likewise, the same rate applies to beer with alcohol content exceeding five percent. Currently, the excise duty on such beer stands at NPR 240 per liter. For sparkling wine containing up to 12 percent alcohol, the excise duty is set at NPR 490 per liter, with the same rate applied to wine containing 12 to 17 percent alcohol. The government has increased the excise duty on wine by NPR 30, compared to NPR 460 in the current fiscal year.

Energy Budget Priorities: Discussions on Transmission Lines and Authority Restructuring

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Summary: The government has announced plans to prioritize the energy and irrigation sectors in the upcoming fiscal year budget, including the division of Nepal Electricity Authority into three separate companies. The Independent Power Producers’ Association Nepal (IPPAN) has responded positively to the budget but highlighted a lack of clarity on reopening new power purchase agreements. Former Deputy Executive Director of the Authority, Prabal Adhikari, expressed optimism about the transmission line budget but raised concerns regarding the division of the authority and the cancellation of permits.

On May 28, in Kathmandu, the government declared a significant investment and structural reforms in the energy and irrigation sectors for the fiscal year 2083/84 (2026/27). An allocation of NPR 8.554 billion has been set aside for energy production, transmission, and distribution, with priority given to implementing the Hetauda–Dhalkebar–Inaruwa 400 kV transmission line and expanding various cross-border transmission lines. Rapid progress will be pursued for hydroelectric projects such as Rahughat, Tanahu, and Upper Trishuli-3B, alongside advancing reservoir-based projects like Budhigandaki and Dudhkoshi.

The budget also includes a declaration to restructure Nepal Electricity Authority into three companies focusing on production, transmission, and distribution/trading. Policies have been formulated to engage the private sector in international electricity trade and transmission line construction. Furthermore, the budget emphasizes promoting green hydrogen, battery storage, electric vehicles, and clean energy-based industries. The government aims to add 670 MW of hydropower and 370 MW of solar energy capacity in the coming year.

In the irrigation sector, the plan sets a target to expand irrigation facilities across an additional 15,800 hectares of land. Significant budget allocations have been made for water resource projects such as Sikta, Babai, Sun Koshi-Mareni, Mahakali, and Rani-Jamara-Kulriya, alongside river control and both underground and lift irrigation expansions.

IPPAN Vice President Uttam Bhulon described the energy budget as a positive step, marking a policy reform and transformative milestone by incorporating forestry-related issues under the energy and hydropower sectors. He characterized the budget as a ‘course correction and transformation.’

However, Bhulon pointed out ambiguity regarding the government’s plan to reopen new power purchase agreements (PPAs), noting that although a 30,000 MW PPA was proposed, no specific timeline was provided. He also highlighted the lack of clarity on how the private sector would be integrated into international electricity trade, calling for further clarification.

Former Deputy Executive Director of Nepal Electricity Authority, Prabal Adhikari, presented a mixed review of the energy and electricity management in the 2083/84 budget. He termed the transmission line budget as ‘extremely positive’ but expressed concerns about the decisions on the authority’s fragmentation and the cancellation of project permits. While some aspects were encouraging, he warned that implementation could be challenging and some policies potentially contentious.

Adhikari identified the budget’s strongest element as the investment in transmission lines. Of the total NPR 8.5 billion energy budget, NPR 7 billion has been earmarked for ongoing transmission line and substation construction, a move he described as ‘highly commendable.’ He emphasized that the transmission line has been Nepal’s biggest energy challenge and that the government’s allocation aligns closely with its energy roadmap target through 2035, which estimates annual needs of NPR 8.5 billion. This budget allocation is expected to significantly aid the private sector and the flow of generated electricity.

Regarding the budget’s proposal to cancel electricity project permits and initiate a new process for power purchase agreements, Adhikari raised concerns. The Nepal Electricity Authority reportedly currently oversees about 134 projects with a combined capacity of approximately 2,900 MW. Adhikari cautioned against revoking permits without analyzing why projects failed to proceed or struggled financially, warning that such actions might waste time. The new permits and PPA procedures could hinder the government’s goal to produce 30,000 MW within ten years. He advocated government support to help projects reach construction.

On the announcement to split the electricity authority into production, transmission, and distribution entities, Adhikari noted that although this idea has surfaced before, dividing a profitable institution—having achieved 97 percent electrification—without proper studies or employee benefit arrangements could cause practical challenges.

For the first time, the budget invites private sector investment for 100 percent ownership in reservoir-based projects, with an arrangement to offer 40 percent shares to the general public. Adhikari welcomed this as a positive start but stressed that without guarantees on who will purchase electricity and at what price, it will be difficult to attract private investment in large reservoir projects.

He also expressed concern that while the budget supports competitive PPAs for dry season electricity, it remains silent on policies regarding monsoon season power. Although the NPR 7 billion allocation for transmission lines raises hope for the energy sector, uncertainties created by the permit cancellation policy and restructuring of the authority remain an issue. For major projects like Budhigandaki, clear modalities for both administrative structure and investment are essential.

3% Health Equity Fee to Be Charged on Patients at Private Hospitals

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The government has announced the imposition of a three percent tax labeled as the ‘Health Equity Fee’ on patients attending private hospitals in the fiscal year 2083/084. Finance Minister Dr. Swarnim Wagle stated during the budget presentation in Parliament that this tax will be applied to all service fees charged by private healthcare institutions.

On 15th Jestha, Kathmandu, the government decided to levy a three percent tax on patients receiving treatment at private hospitals. The announcement was made in the fiscal year 2083/084 budget presented to Parliament on Friday, introducing the health equity fee at three percent. Finance Minister Dr. Swarnim Wagle explained in his budget speech, “Private sector-run health institutions will charge a three percent health equity fee on all types of service fees collected from patients.”

Sadbhav and Tara Win Titles at 12th Nepal International Amateur Golf Championship

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Nepal’s Sadbhav Acharya defended his title at the 12th Nepal International Amateur Golf Championship by defeating India’s Bhibhan Ubhayakar. In the women’s category, Nepal’s Tara Karki Chitrakar secured the gold medal with a total score of 241. Nepal dominated the competition, winning a total of five medals: three golds, one silver, and one bronze. Kathmandu, June 15.

Defending champion Sadbhav Acharya successfully retained the 12th Nepal International Amateur Golf Championship title. Acharya finished with an even-par score of 72 and a total of 9-under 207, defeating India’s Bhibhan Ubhayakar by four strokes. Sadbhav earned two gold medals – one for the team and one individual – matching his achievement from the previous edition.

Today, Bhibhan shot 2-under 70, finishing second with a 5-under 211 total. Nepal’s Rahul Bishwakarma secured third place with a 3-under 213 score. In the women’s division, Nepal’s Tara Karki Chitrakar won gold by defeating Samjhana Khatri by 14 strokes with an overall score of 25-over 241.

The competition featured 52 players from five South Asian nations: Nepal, India, Sri Lanka, Bangladesh, and Bhutan. Various associations and organizations contributed to the successful organization of the event.

निजी विद्यालयमा पढ्ने विद्यार्थीलाई तीन प्रतिशत कर

Three Percent Education Equality Fee to Be Collected from Private School Students

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The government has decided to impose a three percent education equality fee on students enrolled in private schools starting from the upcoming fiscal year. The budget statement reads, “A three percent education equality fee will be added to all types of fees collected by educational institutions operated by the private sector.” May 29, Kathmandu.

The government has announced plans to collect a three percent tax from students attending private schools beginning the new fiscal year. This has been referred to as the ‘education equality fee’ in the budget. This means that an additional three percent charge will be levied on the fees paid by students. The budget statement explicitly states, ‘All types of fees collected from students by educational institutions operated by the private sector will include a three percent education equality fee.’

Government Announces Amendments to Provisions Related to Non-Residential Nepalese Citizenship

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News Summary

  • The government has amended provisions related to Non-Residential Nepalese citizenship to implement the principle of “Once a Nepali, Always a Nepali.”
  • Finance Minister Dr. Swarnim Wagle stated that Non-Residential Nepalese will be granted extensive economic, social, and cultural rights and included in the country’s major development initiatives.
  • The budget aims to empower Nepalese delegations to promote exports, attract investment, and boost tourism.

May 29, Kathmandu – The government has announced plans to amend constitutional provisions related to Non-Residential Nepalese citizenship (NRNA), effectively putting into practice the slogan “Once a Nepali, Always a Nepali.”

During the presentation of the upcoming fiscal year’s budget, Finance Minister Dr. Swarnim Wagle emphasized that Non-Residential Nepalese will be fully granted economic, social, and cultural rights and will be actively involved in the country’s key development initiatives.

Furthermore, the budget includes measures to strengthen and empower Nepali delegations operating abroad.

There is also a plan to bolster the diplomatic efforts of these delegations to enhance Nepal’s export capacity, attract bilateral trade and investment, and promote tourism.

The government has proposed legal amendments within the budget to allow Non-Residential Nepalese to participate in the securities market to encourage investment. Additionally, changes will be made to the legal framework concerning foreign investment approvals, investment auditing, profit repatriation provisions, and capital gains taxation.

Constitutional Expert Officer’s Analysis: The Cheetah Budget

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15 Jestha, Kathmandu – Constitutional expert Dr. Bipin Adhikari has labeled the budget presented by Finance Minister Dr. Swarnim Wagle as the “Cheetah Budget.” He described this budget as swift, agile, bold, and embodying an aspiration for significant progress. Dr. Adhikari wrote on social media platform Facebook, “The budget is an aggressive attempt aimed at reform, technology orientation, and assuring the private sector.”

He further added, “The strong aspects of this budget include simplification of the tax system, administrative restructuring, reduction in public expenditure, facilitation of investment, focus on energy, AI technology, agricultural revival, health insurance, education reform, and infrastructure, all presented as a unified ‘reform package.'” Given the budget’s commitment to substantial spending, he also pointed out the need to fulfill this through debt and deficits.

Dr. Adhikari concluded that for the budget to succeed, revenue projections must be realistic, capital expenditure must be implemented on time, and the declared legal and institutional reforms must be meaningfully enforced within this year. He stated, “In terms of implementation, resource management, and expenditure discipline, this budget appears challenging. There is no lack of direction. This budget pursues an ambitious reformist course.” However, he cautioned, “Due to our weak administrative capacity, there is the risk that this budget may remain merely declarative.” According to him, the budget, characterized by rapid pace, aggressive reforms, and the aspiration for major progress, requires strict discipline in execution to be successful.