Should pivot the Second Phase of Economic Reforms The budget for the upcoming Fiscal Year 2026/27 should focus on economic reform. This is an opportune moment, as the first phase of economic reform in Nepal took place in the early 1990s but lasted only a few years. There has been a sore lack of ‘big …
Capital Account Convertibility & Exchange Rate Flexibility Read More »
Navigating a Significant Mandate and Ambitious Goals The upcoming Fiscal Year 2026/27 is poised to redefine the nation’s political-economic landscape through the inaugural policies, programmes, and budget of the Balen Shah administration, established upon a massive popular mandate. This government has reaffirmed its commitment to good governance and anti-corruption measures, the central pillars of last …
Navigating Structural Shifts and Regulatory Transformation The government, backed by a new popular mandate, has embarked on Economic Reform 2.0, a second generation of reforms aimed at accelerating growth and improving service delivery. Although the urgency of sweeping legislative, administrative, and procedural changes has long been debated, persistent political instability previously hindered these initiatives. …
‘Leaders & experts delve into effective implementation of budget to enhance credibility’ Former Finance Ministers and economists have highlighted that poor budget implementation leads to a lack of effectiveness, which then hurts the budget’s credibility. The government’s fiscal policy is seen as the most important tool for carrying out long-term plans and achieving the country’s …
Reforms in fiscal governance at the central stage The state treasury’s limited resources have intensified discussions regarding the urgent need for reforms in fiscal governance, particularly concerning the efficacy of public expenditure. Speaking at the Pre-Budget Discussions for Fiscal Year 2025/26, organised by the Management Association of Nepal (MAN) on May 3, Deputy Prime Minister …
Adhering to constitutional provisions, the government is set to unveil the budget for the Fiscal Year 2025/26 by the end of May (Jestha 15). The government’s Policies and Programmes, presented by President Ram Chandra Poudel on May 2, have indicated a proactive approach and a commitment to efficient resource allocation to invigorate the economy starting …
Will it be a panacea for the current economic woes… Read More »
A study conducted by CNI has found that only 18 percent of the announcements made in the federal budget have been fully implemented by the government agencies in the last fiscal year while there was zero progress in 22 economic sector programs. the HRM Before the finance minister unveils the annual budget, it has become …
Budget Announcement and Implementation – The Great Disconnect Read More »
Mahat Attempts to Maintain Fiscal Discipline the HRM Even before Finance Minister DrPrakash Sharan Mahat presented the federal budget for the upcoming fiscal year 2023/24, it was clear that the new budget would be smaller in size than that of the last fiscal year. The only question was, smaller by how much? Prior to the …
Bringing Economy Back from the Brink Never before has any finance minister been forced to prepare a budget with an acute scarcity of financial resources as Dr. Mahat. the HRM Drafting a federal budget has always been a hefty task as the Minister for Finance has to take care of the aspirations of many. From …
Governments Focus on Employment Generation In the budget for the new fiscal year, the focus of provincial governments has been on creating employment and providing skill development training to youths. The HRM On June 15, all seven provincial governments presented their annual budget for the Fiscal Year 2022/2023 before their respective provincial assemblies. At a …
