Ministry of Finance Prepares Budget Guidelines for Fiscal Year 2083/84

Kathmandu. The Ministry of Finance has prepared the guidelines for the upcoming fiscal year 2083/84. 
The government has a constitutional obligation to present the budget in Parliament on Jestha 15. Accordingly, the Ministry of Finance has finalized the budget guidelines. Joint Secretary at the Ministry of Finance, Tankaprasad Pandey, stated that the guidelines have been sent to all ministries. According to him, the budget guidelines for the upcoming fiscal year primarily outline the priorities the budget will adopt. 
Joint Secretary Pandey mentioned that preparations for drafting the budget are underway to ensure it is presented on Jestha 15, with a high priority placed on fiscal discipline and austerity in expenditure. 

According to him, the Ministry of Finance has already instructed all relevant ministries to be vigilant and sensitive to ensure the budget emphasizes discipline and cost-effectiveness. Joint Secretary Pandey stated that guidelines have been sent to ministries requiring them to propose budgets only for projects that are fully prepared, ready for immediate tendering, and already listed in the project bank. 

According to the ministry, the Resource Estimation Committee, led by the Vice-Chairman of the National Planning Commission, has already sent the budget ceilings. The Resource Estimation Committee has submitted its report after conducting various analyses, and the budget drafting process is moving forward accordingly. 
Joint Secretary Pandey noted that resources are primarily determined based on assessments of revenue and foreign aid, and budget ceilings have been sent to the ministries accordingly.