#news #budget #Nepal #economy
The upcoming budget for the fiscal year 2082/83 presented in the parliament has drawn attention to structural weaknesses, implementation challenges, and a lack of political stability in the country, which could hinder Nepal’s targeted economic growth, according to experts in the field of economics. The Nepal Management Association organized a post-budget analysis program where speakers emphasized the need for transparency, performance-based implementation, and a focus on long-term results in budget planning.
Former Finance Minister Gyanendra Bahadur Karki expressed concerns that unless there is established political and policy stability in the country, achieving the desired economic growth could be jeopardized, and the issues seen in budget implementation may remain unresolved. He highlighted inadequacies in pre-budget preparations and lack of skillful execution in planning as potential challenges in the implementation process.
Ramesh Khatri, a representative of Kansai Nepal News, stated that the changing geopolitical landscape and the potential benefits Nepal could reap in tourism development and information technology sector between two major economies like China and India should be carefully considered. He also endorsed the view that the government should focus on revising revenue and expenditure estimates to prevent economic instability.
Khatri further mentioned the need for meticulous resource management and emphasized the positive aspect of the government’s plan to construct housing for government employees, which could have a favorable impact. The experts also discussed the importance of revisiting economic policies to ensure effective budget allocation and management.
In a nutshell, expert opinions from various former finance ministers and economists underscore the necessity for careful planning and execution in budget implementation to address the challenges faced by the economy. Their insights shed light on the importance of strategic financial management to achieve sustainable economic growth in Nepal.
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Author: MAYA | HARUTO
Posted at: June 3, 2025 3:00 am
