The NPR 1.53 trillion budget covered all the sectors with key focus on developmental reforms that will improve living standards through effective implementation and safeguarding of citizens\u2019 fundamental rights.<\/p>\n
Besides sector-wise spending, the new budget displayed a 14 percent rise over the previous year\u2019s budget and dedicated NPR 957 billion (62%) to the recurrent expenditure, followed by NPR 408 billion (27%) to capital expenditure and NPR 167 billion (12%) for provisioning finance for principal payment of loans.<\/p>\n
Towards adding to the government\u2019s treasury, the new budget is looking at NPR 981 billion (64%) revenue collection, NPR 58 billion from foreign grants, NPR 298 billion from foreign loans, NPR 195 billion from domestic loans.<\/p>\n
Overall, the government announces an estimated GDP of 8.5 percent and inflation rate of 6.5 percent.<\/p><\/blockquote>\n
Given the role that taxpayers play in government\u2019s revenue earnings, Nepal Budget 2076-77 has some important announcements for its citizens, businesses, corporate entities and overseas players willing to business in Nepal, and more.<\/p>\n
Income Tax Rates in Nepal FY 2076\/77 (Video)<\/h3>\n