Proposed Budget Goals: Fostering Growth and Social Development
Key Objectives
Nepal's proposed budget for fiscal year 2080/81 outlines ambitious goals to achieve broader sustainable and inclusive economic growth, ensure high-quality social development, and promote a vibrant and dynamic economy.
The budget seeks to:
- Mobilize the economy to foster broader sustainable and inclusive economic growth.
- Ensure high qualitative social development for all citizens.
- Achieve broad sustainable and inclusive economic growth through a dynamic and vibrant economy.
Key Initiatives
To facilitate these objectives, the budget proposes amendments to laws related to Investment and Industry, aiming to ease investments and promote industrial growth. Additionally, the proposed budget aims to address social development through initiatives such as:
- Improving access to quality education and healthcare
- Promoting social inclusion and empowerment for marginalized communities
- Investing in infrastructure and technology to enhance economic opportunities
The budget was announced by Finance Minister Prakash Sharan Mahat after receiving approval from the Federal Parliament on January 15, 2023.
Comments