Preparation of budget for the coming Fiscal Year 2077/78 has reached the final stage. As per the constitutional provision that the budget should be presented on June 30, the Ministry of Finance is currently engaged in the final preparation of the budget. According to the ministry, the draft budget is almost ready by Sunday. The draft is almost finalized, said ministry spokesperson Uttar Kumar Khatri. "Besides, other financial reports have also been prepared. The
ministry has been releasing economic survey and financial report of public enterprises before the budget. Which is set to be made public this Tuesday. Spokesperson Khatri informed that the budget of some programs has been mentioned in the draft budget and only some programs are left. "A lot of work has been done so far on the budget statement on May 30," he said.
The staff of the Ministry of Finance is very busy at this time to prepare the budget. Finance Minister Dr. Yuvaraj Khatiwada will also arrive at the ministry at 7:00 am and will be busy in preparing the budget, said Khatri. "The minister is in the ministry from 7:00 am to 8:00 pm," he said. He said that the staffs were also on duty from 7:00 am to 10:00 pm. Some of the employees are going to their own homes and some are staying in the ministry.
The lockdown, announced as a way to prevent corona infection, will revive a sluggish economy and focus more on health infrastructure. Khatiwada has mentioned the principles and priorities of the Appropriation Bill 2077 BS while presenting it in the parliament. Similarly, President Bidyadevi Bhandari, while presenting the policy and program of the government for the coming fiscal year, said that corona-free Nepal, health infrastructure, internal production and resource mobilization, expansion of agriculture sector and job creation would be the main priorities of the government. The government has estimated the damage to the economy at more than Rs 3 trillion. Similarly economic growth 2. The government has projected 27 percent. The private sector is also expecting a relief package from the budget being brought in such a situation. On the other hand, due to lack of economic activity, the source of revenue has shrunk and the challenge of resource management for the coming years has been added for the new budget.
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