Finance Minister Mahat presents budget for FY 2023/24

KATHMANDU: Finance Minister Prakash Sharan Mahat is presenting the budget for the upcoming fiscal year 2023/24 before the Federal Parliament. The annual estimates of the government's revenue and expenditure for the upcoming fiscal year is being presented before a joint session of the House of Representatives (HoR) and National Assembly. Prior to that, a meeting of the Council of Ministers endorsed the budget details, granting permission for its presentation in the House. At the commencement of the House session, Speaker Devraj Ghimire invited Finance Minister Mahat for making the budget statement in the parliament. The Constitution states that Finance Minister shall lay before the Federal Parliament an estimate of revenues and expenditures under clause (1) on the 15th of Jestha (mid-May) every year. In Nepal's history, the first budget speech was held on February 4, 1952, following the restoration of democracy. It was announced by the then Finance Minister Subarna Shumser Rana and its size was equivalent to Rs 52.5 million. By RSS READ ALSO:

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