Nepal’s current budget (FY 2083/84 / 2026–27) is a sizable and reform-focused budget, with a total expenditure of approximately Rs. 2.124 trillion. Of the overall budget, recurrent expenditure constitutes approximately 59.8%, capital expenditure accounts for 20.3%, and debt servicing/financial management makes up 19.9%. It highlights economic reform, growth of the private sector, infrastructure development, digital transformation, and enhancement of governance. Significant recurring costs, debt responsibilities, and a substantial proportion of non-development expenditures indicate that a major share of resources is allocated to government operations and fulfilling obligations instead of establishing new productive assets. The broader scope and key characteristics of Nepal’s Current Budget can be described as a substantial budget where the government has established ambitious objectives like enhanced economic growth and investment-driven expansion on a modest basis. Nonetheless, the po...

A government budget is a financial plan that outlines the revenues and expenditures of a government for a specific period. It is a crucial tool for managing a country's finances efficiently to achieve economic and social goals like promoting growth, reducing poverty, and providing public services. Monitoring and adjusting the budget as needed is essential for fiscal stability and sustainability.  In Nepal, the tradition of presenting an annual budget dates back to the 1950s, with the first budget presented in 1951 covering the period from March 1951 to February 1952. This change followed the overthrow of the Rana regime in February 1951. During this transitional phase without a legislature, the first budget was presented at the end of the year BS 2007 through Radio Nepal. The budget amount was Rs. 52,529,000, with a tax collection target of Rs. 30,619,000. The then Finance Minister, Subarna Shamsher, presented the budget as part of the council of ministers led by Prime Minister Mat...