Nepal Introduces New National Budget with Growth and Tax Relief Goals

Nepal's government has unveiled a substantial Rs2.12 trillion budget for the upcoming fiscal year, focusing on infrastructure, reforms, and tax changes. The plan targets a 7% economic growth rate and aims to cap inflation at 6%, alongside providing income tax relief for the middle class. Despite these ambitions, critics express concerns about resource limitations, rising debt, and the budget's impact on low-income populations facing high inflation.