Finance Minister presents Rs 1.04 trillion budget (with full text)

Post-earthquake reconstruction, hydropower generation, tourism, urban development and good governance as priorities of budget Free treatment to conflict victims at government hospitals Reconstruction to be completed within five year Interest free loan of Rs 300,000 to earthquake victims Rs 140 billion for post-earthquake reconstruction and rehabilitation 6,000 Megawatts of electricity form run of the river projects and 4,000 Megawatts form storage hydel projects Rs 5.33 billon allocated for Budhigandaki project 5 percent infrastructures tax on petroleum products Construction of Kathmandu-Nijgahd Fast Track to start from next year. Rs 10 billion allotted for the project. Rs 4.2 billion allocated for postal highway in Tarai Rs 1.67 billion for tunnel road at Nagdhunga Roads to be categorized as federal, provincial and local roads Vehicles fitness testing centers in all provinces Digital meters mandatory in taxis operating in Kathmandu Valley Rs1.72 billion allocated for the construction of homes for marginalized communities and communities on the verge of extinction Two satellite cities to be constructed in Kathmandu Bhaktapur to be developed as cultural city Bagmati Museum to be built in Kathmandu Rs 5.78 billion allocated for Prime Minister Agriculture Modernization Project 50 percent subsidy will be provided to the farmers for agriculture tools Agriculture insurance program based on production Farmers Commission to be formed. Farmers will be classified into 4 groups 45 hill districts will be used as pocket areas for the promotion of goats-farming Scientific forest management project will be extended from six to 11 districts Prize for those controlling forest fires Irrigation facility to all cultivatable land within 5 years Rs 2.3 billion for prosperous Tarai irrigation project Solar energy to be generated by installing solar panels over irrigational canals Land to be categorized. Land categorized under one purpose will be not be allowed to be used for another purpose Investment-friendly law will be formulated to attract foreign investors Industries to be connected with dedicated feeder Apple processing centers to be built in Jumla and Mustang Social security fund based on contribution for labors. Informal sector workers will get accident insurance. Rs 18 million allocated as subsidized loan for women entrepreneurs Certificates will be provided to those migrant workers who return with skills Trade information portal to be launched Transportation subsidy will be continued to the remote districts Human Resources National Strategy shall be formulated Use of smart board to be encouraged at schools Community schools to be gradually transformed into English medium school Madan Bhandari Academy of Science and Technology in Hetuda Medical colleges to be established in Surkhet, Butwal and Bardibas Master degree students will be deployed as volunteers in the villages Cricket grounds will be built in Mulpani, Dhangadhi and Bhairahawa Youth self-employment programs will be made Health Insurance to all Nepalis within 3 years '10 youths, one enterprise' program will be started as a modal project in each electoral constituency Free vaccination against 11 different diseases for 700,000 children Free dialysis to kidney patients Melamchi drinking water project will be completed by Asoj 2074 BS Gautama Buddha Regional International Airport to be brought into operation by Magh 2074 BS Rs 1.50 billion allocated for international airport in Nijgadh Nepal Airlines Corporation to be converted into a company and two wide body aircraft to be purchased Tharu museum in Bardiya and Rana Tharu museum in Kanchanpur 2073 BS to be celebrated as Domestic Tourism Year 4G service to be started in Kathmandu Valley High-speed internet service to 72 districts 50 percent discount to journalists for treatment at government hospitals Grants to VDCs to be doubled. Rs 15 billion allocated Social security allowance to be doubled Zero balance account for every Nepalis. The central bank will be told to implement the scheme All VDCs to be connected with motorable roads within two years House rent allowance for lawmakers has been increased Programs for handicapped will be launched Adolescent skills-orientated programs will be launched to mitigate the violence caused by child marriage and dowry Nepal Army airbases to be established in Itahari and Surkhet Adequate budget has allocated for free, fair and independent judiciary Online application system for passports and e-passports would be introduced The citizenship issuance system would also be made computerized. Nepalis working abroad would be allowed to vote in local, provincial and national elections Infrastructure Development Bank to be established Necessary process to transform Appellate Courts into High Courts to be initiated Public companies will get 15 percent income tax waiver if they float shares to public 25 percent salary hike for civil servants Inflation will be limited to 7.5 pc Economic growth rate of 6.5 pc