Ministry of Finance Reveals Fiscal Year 2081/82 Budget Priorities Focus on Financial Sector and Share Market

The Ministry of Finance has submitted the principles and priorities of the budget for the fiscal year 2081/82 to the Parliament. Finance Minister Dr. Prakash Sharan Mahat presented a motion to discuss "The Principles and Priorities of the Appropriation Bill for FY 2081/082 (excluding tax proposals)."

A significant emphasis in the outlined principles and priorities is on strengthening the financial sector. The document highlights the commitment to enhance the effectiveness of regulation and supervision within the financial sector, aiming to foster the development of a healthy, competitive, and reliable financial environment. The principles also underscore the importance of elevating the professionalism of regulatory bodies overseeing banks, financial institutions, microfinance, insurance, and the share market, with a parallel focus on reinforcing transparency and accountability.

Additionally, the document addresses the need for establishing necessary legal and institutional frameworks for regulating the cooperative sector. Minister Mahat has emphasized the intention to implement measures safeguarding the investments of depositors in microfinance and cooperatives. The overall objective remains centered on building a better financial sector with strengthened regulatory mechanisms and increased investor protection. The principles and priorities document provides a comprehensive roadmap for the upcoming fiscal year's budgetary considerations.

Access the Comprehensive Document Outlining Principles and Priorities Here: