Budget for upcoming fiscal year 2076/77 to be unveiled today at 4 PM

Speaker of House of Representatives; Krishna Bahadur Mahara announced the date and timing of budget for upcoming fiscal year 2076/77. The budget will be presented by Finance Minister Mr. Yubaraj Khatiwada today 15^th Jestha, 2076, Wednesday at 4 o’ clock.

This year’s budget will be Khatiwada’s second presentation on how Nepalese economy will mold in the days to come. Last year, finance minister Khatiwada set the target economic growth of 8%. Many parliamentary members from the party of opposition and few members from the same party out lashed Khatiwada’s budget policy last year labeling it as “extremely optimistic”.

Khatiwada’s assurance of an 8% economic growth did not live up to the expectation. However, recent Nepal Investment Summit and several conferences with World Bank and International Monetary Fund have paved paths for foreign direct investment and infrastructural development.

All the parliamentary members have been requested to be present within 3:45 at the venue.