18th July 2025, Kathmandu
Nepal officially begins the fiscal year 2082/83 today, marking the start of budget implementation. The government had announced the budget on Jestha 15(29 May) through Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel. Now, the policies, programs, and financial allocations outlined in the budget come into effect.
Nepal FY 2082/83 Budget Implementation
Budget Execution Starts
The Ministry of Finance has already issued budget implementation guidelines to all ministries, departments, and agencies. A circular was dispatched on Shrawan 1(July 17), instructing relevant bodies to begin executing the budget. The aim is to immediately activate economic plans and policies without delay.
Budget Size And Allocations
The government has announced a budget of NPR 19.64 trillion for FY 2082/83. This includes:
NPR 11.80 trillion for recurrent (operational) expenses
NPR 4.07 trillion for capital (development) expenditure
NPR 3.75 trillion for financial management
These allocations are designed to stimulate growth, enhance infrastructure, and improve service delivery across Nepal.
Revenue And Financing Sources
To finance the FY 2082/83 budget, the government expects to collect:
NPR 13.15 trillion from revenue
NPR 53.45 billion from foreign grants
NPR 233 billion from foreign loans
NPR 362 billion from internal debt
The fiscal strategy reflects a balanced approach to financing through both domestic resources and external borrowing.
Economic Targets And Growth Focus
With the budget now active, the government aims to:
Expand economic activity
Boost private sector investment
Increase employment opportunities
Ensure timely completion of infrastructure projects
Achieve a 6% economic growth rate
The implementation of the new tax rates and development programs is also effective starting today.
Smooth Transition Into New Fiscal Year
Since the budget had already been passed by both houses of the Federal Parliament, there are no legal hurdles for implementation. The government has ensured all mechanisms are in place for the practical rollout of new programs and policies.
Budget Implementation Guidelines In Action
The Ministry of Finance prepared and distributed the Budget Implementation Guidelines on Wednesday. These guidelines offer detailed instructions on budget spending, project execution, and progress monitoring. Ministries and departments are now expected to become active and accountable in their respective roles.
Conclusion
With the fiscal year 2082/83 officially underway, Nepal enters a crucial phase of economic governance. The implementation of the NPR 19.64 trillion budget will determine the nation’s ability to stimulate growth, manage finances, and achieve development goals. The government now faces the challenge of effective execution and timely delivery.
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