7th March 2025, Kathmandu
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has called upon officials to prioritize projects of national importance while submitting proposals for the fiscal year 2082/83 BS.
During separate discussions with officials from the Ministry of Urban Development and the Ministry of Energy, Water Resources, and Irrigation, Minister Paudel highlighted the significance of selecting mega-projects that align with the roles and responsibilities of provincial and local governments.
Focus on Mega-Projects for Economic Growth
The Finance Minister emphasized that the federal government should not undertake projects that fall within the jurisdiction of provincial and local governments. He asserted that true federalism can only be strengthened when responsibilities and rights are effectively transferred to the lower levels of government.
Strategic Budget Planning for National Prosperity
Minister Paudel assured that the upcoming budget would be drafted based on the people’s genuine needs and aspirations. He stressed the importance of holding consultations with relevant stakeholders to ensure comprehensive and inclusive economic planning.
Key Takeaways from the Discussion
- Prioritization of mega-projects with strategic significance.
- Strengthening federalism by delegating responsibilities to provincial and local governments.
- Inclusive budget drafting through consultations with key stakeholders.
As Nepal prepares its fiscal budget for 2082/83 BS, the Finance Ministry’s approach underlines the importance of sustainable development through well-structured planning and the execution of high-impact projects.
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