गृहपृष्ठ ∕ Business ∕ Ministry cannot slash budget passed by Parliament: Finance Minister Mahat Business Ministry cannot slash budget passed by Parliament: Finance Minister Mahat KathmanduPati February 16, 2024 File Photo KATHMANDU – Finance Minister Dr. Prakash Sharan Mahat has said the budget passed by the sovereign parliament could not be reduced. Organising a press conference at the Ministry today, Finance Minister Mahat refuted the news that the budget of the current fiscal year was cut and made it clear that the Ministry could not slash the budget passed by the parliament. He mentioned that there should not be any confusion among the people, adding the budget was only evaluated mid-term. Stating that progress of revenue and budget implementation was reviewed, the Finance Minister said revenue collection was increased by 10 per cent as compared to previous fiscal year. More revenue would be collected and spent as per the rule, he said and added that the income and expenditure was estimated based on revenue collected. The government had allocated Rs 1.751 trillion budget for current fiscal year. A budget ceiling of Rs 1.8 trillion has been set for coming fiscal year 2024/25, he informed. Write your comments RELATED NEWS Expenditure exceeds income, but dev spending only at 23 per… Socialist Front consulting civil society, intellectuals tomorrow Rhino census halted due to funding shortage Security beefed up in Kathmandu Valley for Holi festival Devotees throng Bhimsen Temple in Bhaktapur Low visibility causing domestic, international flight disruption at TIA Top Headlines Scrutinizing Relevance of Prithivi Narayan Shah´s Thoughts and Strategy1 Relevance of Prithivi Narayan Shah in Contemporary Nepal2 Photo exhibition at Nepal Army Headquarters3 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’4 Ncell is the FIRST Nepali Telecom Company to receive ISO 27001 and ISO 27701 certifications for information security and data privacy5 PM Oli, Sri Lankan’s former President meet6 PM Oli extends New Year greetings7 Gold price ups Rs 2,000 per tola8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector The Role of the Nepalese Army in Strategic Road Projects Impact of Social Media on Nepalese Society Public Relations for a Soldier Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus Nepal Army’s Brigadier General Bigyan Dev Pandey gets promoted to Major General Namrata is Miss Nepal 2020