Monday, March 17th, 2025

Finance Committee suggests to bring 175 bln stimulus package


22 May 2020  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU:  Financial Committee of the federal parliament has advised the government to bring a stimulus package worth Rs 175 billion through the upcoming fiscal budget.

The parliamentary committee has suggested that the government allocate the five percent of the total budget to address the current economic crisis caused by the Coronavirus.

According to the Committee, the size of the upcoming budget will reach around Rs 17 trillion while the budget of the last fiscal year was put at Rs 15.32 trillion.

The Committee has advised to allocate around 45 percent budget of the Gross Domestic Product so as to  give continuity to the ongoing programs and to provide relief to the Coronavirus-hit areas.

Meanwhile, it has directed the government to plan to collect Rs 10 trillion in revenue without increasing the taxation rate in the upcoming fiscal year.

Publish Date : 22 May 2020 09:05 AM

NGO Federation of Nepal presents 21-point declaration to PM Oli

KATHMANDU: The newly-elected leadership of the NGO Federation of Nepal

Nava Raj Subedi Leaves RPP,  forms new committee with royalist support

KATHMANDU: Nava Raj Subedi, a central working committee member and

Five hydropower projects in Raghuganga commit to address local demands

  MYAGDI: Five hydropower projects under construction in Raghuganga Rural

Deepak Thapa appointed as Inspector General of Police

KATHMANDU: The government has appointed Deepak Thapa as the new

Idol found during Bishnumati River clean up

KATHMADU: An idol was discovered during a clean up drive