Nepal’s record Rs1.96 trillion budget makes bold promises amid a bleak outlook

Budget aims for 6 percent growth and supports private investment. Doubts over implementation in a climate of political instability and poor spending.

Following a last-minute agreement with opposition parties, which decided not to disrupt the budget announcement, Finance Minister Bishnu Paudel presented a significantly expanded annual financial plan in Parliament on Thursday, aiming to revive sluggish economic growth.