KATHMANDU: The government is unveiling the budget for the fiscal year 2076/77 on Wednesday.
Finance Minister Dr Yuba Raj Khatiwada will present the budget at the federal parliament meeting in New Baneshwar at 4 pm.
The size of the budget will be about Rs 1.59 trillion, according to a report of Rajdhani daily.
The budget is being brought with the aim of achieving double-digit economic growth in the coming fiscal year. It will focus on social security and infrastructure of the country.
Features of the budget:
- The government employees’ salary will increase from 10 to 15 percent.
- Elderly allowance will by hiked by Rs 1,000.
- A significant amount of budget will be allocated for health insurance.
- Additional budget will be doled out to effectively implement the social security scheme.
- The area of taxation will be widened.
- Capital-based expenses will go up from Rs 313. 99 to 5 trillion.
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