Finance Minister Barshaman Pun Presents Fiscal Year 2081/82 BS Budget Prioritizing 5 Key Areas

Tue, May 28, 2024 3:43 PM on Latest, Economy, National,

Finance Minister Barshaman Pun is presenting the budget for the upcoming fiscal year 2081/82 BS in the Federal Parliament, which commenced at 3 PM. The budget emphasizes five key areas, highlighting the government's priorities for the next fiscal year.

According to Minister Pun, the primary focus areas of the budget are:

1. Economic reforms and the promotion of the private sector
2. Agricultural energy, tourism, information technology, industrial development, and infrastructure construction
3. Inclusiveness and social security
4. Promotion of good governance
5. Development of social sectors such as education and health

The budget outlines five main objectives: increasing production and employment, boosting private sector confidence to enhance investment, developing human resources, ensuring the optimal utilization of resources, and making public services more effective.

The government has projected that the economic growth rate for the current year will be limited to 3.9 percent and inflation reduced to 4.7%. Minister Pun attributed this limited growth to factors such as reduced consumption, a decline in imports, and sluggish credit expansion.