Both Houses of Federal Parliament pass budget for coming fiscal year
Kathmandu, July 13: Both Houses of the Federal Parliament have approved the budget presented by the government for the upcoming fiscal year 2080/81 BS (2023-24). During today’s meeting of the National Assembly, the Appropriation Bill, 2080, received from the House of Representatives with a message, was passed with a majority.
In the meeting, 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 in course of deliberation on different topics under the Appropriation Bill, 2080 in the meeting.
The House of Representatives had previously passed the budget for the upcoming fiscal year on June 28. The government had initially presented the budget for fiscal year 2080/81 in both Houses of the Federal Parliament on May 29. With the budget approved by both Houses, the way for its implementation will commence from July 17.(RSS)
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