President Ram Chandra Paudel announced the government’s policies and programs for the upcoming fiscal year 2080/81 during a parliamentary session on Friday.

While highlighting the achievements of the newly formed government, President Paudel emphasized that the economy is getting back on track.

The government’s fiscal budget for next year will also be based on the same policies and programmes and will be announced by Finance Minister Prakash Sharan Mahat on May 29.

President Paudel outlined several key initiatives for the upcoming fiscal year including:

  • Government will increase revenue collection and review taxation system while cracking down on revenue leakage and illegal transactions.
  • The construction of the Nijgadh International Airport will be pursued.
  • Measures will also be taken to address issues in deposits of microfinance companies to ensure the protection of investors’ interests.
  • Relocate the landless population along rivers, including in the Kathmandu Valley, to ensure these areas are free from encroachment.
  • International assistance and public debt will be utilized strategically on large-scale national pride projects that can generate optimal outcomes.
  • Arrangements for production of organic fertilisers at the local levels.
  • Exploring possibilities for increasing production and exporting construction materials from Nepal with regulations to govern the mining of these materials.
  • New ordinances to reduce the cost of telecommunication services and encourage the co-use of telecommunication infrastructure.
  • 2025 will be designated as a special tourism year, with enthusiastic promotion of religious and culturally significant places.
  • The government will adopt a policy of purchasing electric vehicles for government offices and arrangements will be made for the operation of electric public transportation in the city.