KATHMANDU: The annual budget session of the House of Representatives (HoR) and the National Assembly (NA) is commencing today.

The budget session is commencing today after President Ram Chandra Paudel, in accordance with the Article 93 (1) of the Constitution of Nepal, summoned the joint session of the federal parliament on May 2 on the recommendation of the Council of Ministers.

The Federal Parliament Secretariat has issued a public notice to all Members of Parliament (MPs) to meet at 2 pm on Friday at the Parliament Building, New Baneswor.

According to the constitutional provision, an estimated details of income and expenditure (budget) for the upcoming year has to be presented in the parliament on coming May 28 (Jestha 15).

Preceding this, the President will present the annual policy and program of the government in a joint meeting of both houses.

Speaker Devraj Ghimire has already engaged in discussions with the top leaders of the major political parties represented in the Parliament to ensure the effective conduct of the session.