Budget heralds a promise of middle-class expansion and market growth

In a deeper sense, it issues a call to the middle class itself: to step forward, engage productively, and help shape Nepal’s political economy.

Parliament today witnessed the economic blueprint of a single-majority government born from an unprecedented electoral shift, led by a sound economist-turned-political leader. The prevailing mood in the House reflected confidence in the Rastriya Swatantra Party (RSP) and Finance Minister Swarnim Wagle’s capacity to deliver the “departure” in Nepal’s political economy that he has long championed. True to form, his budget speech delivered a compelling narrative – a substantive recalibration across fiscal policy, from taxation and infrastructure to capital mobilisation and diaspora engagement.