Business

FY 2024/25 Budget: Government announces FY 2024/25 for economic reforms

KathmanduPati May 28, 2024

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KATHMANDU – The government has announced that the upcoming fiscal year 2081-82 BS (2024-25) will be a year of economic reforms.

Presenting the budget estimates for the new fiscal year before a joint sitting of the Federal Parliament today, Finance Minister Barshaman Pun said that the focus will be on economic reforms.

According to the Finance Minister, the budget aims to address long-standing challenges in the economy including an imbalance in the public finance, increasing size of public debt, limited capital expenditures, and the lack of revenue collection as per the targets. Such initiative will be taken through the implementation of fresh programmes for economic reforms.