Nepal tax system is flawed with the poor being hit the hardest

Inflation in Nepal has become common over the past few years. In July this year, the inflation rate went up by Rs 4.35 per cent whereas inflation in the transport and construction sectors went up by 9.43 per cent and 11.54 respectively.

This rate is expected to rise after the parliament passed the budget replacement bill in the House of Representatives recently so as to amend the annual Nepal budget plan 2021/22 that former finance minister Bishnu Paudel had presented in an ordinance.