Nepal Government Initiates Formal Process for Fiscal Year 2083/84 Budget

Kathmandu. The government has officially initiated the process for drafting the budget for the fiscal year 2083/84.

The Ministry of Finance has formed a budget drafting committee. According to the Ministry, the committee, led by Uttar Kumar Khatri, Chief of the Revenue Management Division, has been tasked with drafting the budget statement and determining the principles and priorities for the upcoming fiscal year. The committee includes heads of various divisions within the Ministry of Finance as members.

The members of the committee include Dr. Suman Dahal, Chief of the Budget and Program Division; Dr. Dhaniram Sharma, Chief of the International Economic Cooperation Coordination Division; Mahesh Bhattarai, Chief of the Economic Policy Analysis Division; and Sevantak Pokharel, Chief of the Fiscal Federalism Coordination Division.

The committee will primarily provide necessary suggestions for the annual policies and programs of the upcoming fiscal year and facilitate the prioritization of projects and programs to be implemented.

This team will also be responsible for drafting the principles and priorities of the Appropriation Bill to be presented in both houses of the Federal Parliament. The committee has also been assigned the task of preparing and submitting the final draft of the budget statement to be presented by Finance Minister Dr. Swarnim Wagle in Parliament.