Budget size revised to Rs1.63 trillion, with ambitious economic growth

The coalition government led by Nepali Congress has targeted a 7 percent economic growth, even as experts have warned of possible third Covid-19 wave.

Finance Minister Janardan Sharma on Friday presented Nepal’s annual financial plan of Rs1.63 trillion for the ongoing fiscal year 2021-22, nearly Rs15 billion less than the budget presented by the erstwhile KP Sharma Oli-led administration on May 29.