Budget for FY 2023/24 passed by both Houses

Kathmandu, 13 July:  Both Houses of Federal Parliament have passed the budget presented by the government for the upcoming fiscal year 2080/81 BS (2023-24).

The government had presented the budget for fiscal year 2080/81 in both Houses of the Federal Parliament on May 29.

The National Assembly, today, passed the Appropriation Bill, 2080,  received with message from the House of Representatives with a majority. The House of Representatives had passed the budget for the coming fiscal year on June 28.

In the meeting at Rastriya Sabha today, Finance Minister Dr Prakash Sharan Mahat presented a proposal for the passage of the Appropriation Bill, 2080.

Before this, a proposal for cutting the expenses of different headings under the Appropriation Bill, 2080, was rejected by a majority of the members.

The respective ministers had responded to queries raised during deliberation on different topics under the Appropriation Bill, 2080 in the meeting.

With the passage of the budget from both Houses, the way for the implementation of the budget has opened from July 17.