Kathmandu, April 20: The National Planning Commission (NPC) has submitted its report to the Finance Ministry on policy and programmatic discussions regarding the preparation of upcoming fiscal year’s budget.
NPC Vice Chairman Prof Dr Shivaraj Adhikari handed over the report to Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel at the Ministry on Sunday.
As per the Economic Procedure and Fiscal Responsibility Act, the NPC should submit the report to the Finance Minister after holding policy and programmatic discussions with the ministries, commissions and government agencies on the upcoming fiscal year’s budget.
On the occasion, Finance Minister Paudel said that the overall indicators of economic are gradually becoming positive as a result of policy-level, legal and structural reforms in the recent days.
Minister Paudel said that economy is improving and the upcoming fiscal year’s budget will be focused on building a robust economy.
NPC Vice Chairman Prof Dr Adhikari said the report was prepared to facilitate in the process to prepare new budget and stated that the projects should be prioritized and reprioritized on the basis of budget availability by being within the limit of budget.
