Despite the ceiling set by the Resource Committee, the Government of Nepal is preparing to present a budget of around NPR 20 trillion for the fiscal year 2082/83, exceeding the recommended limit of NPR 19 trillion.
- Ceiling Breached: The Resource Committee, led by the Vice-Chair of the National Planning Commission, had recommended a ceiling of NPR 19 trillion. However, the Ministry of Finance has admitted it couldn’t stay within that limit.
- Current Year Budget: For FY 2081/82, the government allocated NPR 18.6 trillion.
- Expected Increase: The upcoming budget is expected to rise by around NPR 1 trillion, reaching up to NPR 20 trillion.
- Reason for Increase: Integration of programs from the ruling parties (Nepali Congress and UML), salary hike considerations for government employees, and fiscal pressure have led to a larger budget.
📉 Source Pressure & Fiscal Challenges
- Revenue Collection Shortfall: As of now, only 67.79% of the revenue target (about NPR 962 billion) has been achieved.
- Foreign Aid Dip: Only NPR 16.61 billion out of the estimated NPR 52.32 billion in foreign grants has been received.
- Loan Disbursement: Less than 50% of foreign loans have been obtained.
- Internal Loans: Collection has been on target.
Medium-Term Expenditure Framework (MTEF)
| Fiscal Year | Budget Allocation (Projection) |
|---|---|
| 2081/82 | NPR 18.6 trillion |
| 2082/83 | NPR 20.88 trillion |
| 2083/84 | NPR 24.29 trillion |
Revenue Estimates
| Fiscal Year | Revenue Estimate |
|---|---|
| 2081/82 | NPR 12.6 trillion |
| 2082/83 | NPR 14.62 trillion |
| 2083/84 | NPR 17.03 trillion |
The final budget size will likely be confirmed following a meeting of the Resource Committee scheduled for Tuesday evening or Thursday morning.
