Budget at a Glance

Minister of Finance Barshaman Pun presented the fiscal budget of the FY 2024/25 on May 28, 2024, which totaled to NPR 1.86 trillion—an increase of 6.2% compared to the NPR 1.75 trillion from the FY 2023/24. However, the budget in the previous year was slashed to NPR 1.53 trillion following mid-term review. Relative to that, the increase in the budget for this fiscal year is 21.56%. However, the trend of reducing budget in the mid-term review is the long-standing tradition of Nepal.

The Government of Nepal (GoN) has estimated an economic growth rate of 6% for the upcoming fiscal year, and the inflation at 5.5%. While the budget for FY 2023/24 had also set similar expectations, Nepal is estimated to achieve only around 3.9%  of growth. Minister Pun has declared the year 2081-82 as the year of economic reform and listed five objectives of the budget, five priorities area and five different strategies in this budget. 

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