Kathmandu, May 29: Finance Minister Dr Swarnim Wagle is presenting budget speech in the joint meeting of the federal parliaments.
Breaking the tradition of enclosing budget document in a briefcase, Dr Wagle appeared in the parliament with a Nepali paper-made notebook containing the budget document.
He informed that government would ensure automated increase of salary to civil servants and security officials. As per the budget speech, 31 government bodies would be scrapped and 18 others restructured.
“A convincing atmosphere will be created for improving sovereign credit rating of Nepal,” he said, adding that a ‘matribhumi kosh’ (motherland fund) would be set up for establishing an AI factory.
Importantly, sun set laws would be in place to give a pace to development works. He expressed commitment to lift country out of grey list.
Other schemes he shared are green energy bond, launch of lottery schemes to encourage practice of invoices in transaction.
The government, as the Minister shared, would scrap 360 sorts of excise duties.
