Government unveils budget of Rs 2.124 trillion for FY 2083/84
The government has presented a budget of Rs 2. 124 trillion for the fiscal year 2083/84 (2026/27). Presenting the budget during a joint meeting of the Federal Parliament today, Finance Minister Dr Swarnim Wagle said that out of the total allocation, Rs 1. 270 billion 580 million, or 59.8 percent of the budget, has been allocated as current expenditure. Whereas, Rs 431 billion 100 million, or 20.3 percent has been allocated as capital expenditure. Furthermore, Rs 422 billion 640 million, or 19.9 percent of the total allocation is for financial management. The expenditure estimate is about 25 percent higher than the revised estimate for the current fiscal year. Of the total allocated budget, the government estimates to collect Rs 1405 billion from revenue and Rs 61 billion 740 million from foreign grants. Out of the deficit Rs 657.29 billion, Rs 247.28 billion will be mobilized from foreign loans and the remaining Rs 410 billion through internal loans. As per the provisions related to fiscal transfer under the federal form of governance, Rs 61.5 billion will be disbursed to the provincial government and Rs 90.2 billion to the local levels in the coming fiscal year as equalization grant as recommended by the National Natural Resources and Fiscal Commission. In addition, supplementary grants of Rs 4.6 billion and Rs 8.93 billion will be provided for the implementation of infrastructure projects at the provincial and local levels, respectively. Special grants of Rs 3.82 billion and Rs 9.40 billion have been allocated for the provincial and local levels, respectively. Meanwhile, for the implementation of federal government projects, conditional grants of Rs 49.72 billion and Rs 206.8 billion will be distributed to the provincial and local levels, respectively. A total of Rs 175 billion is expected to be transferred to the provinces and local levels through revenue sharing. The full text of the budget speech delivered by Finance Minister Wagle can be accessed in Nepali language at https://mof.gov.np/content/1741/budget-statement-for-the-financial-year-2083-84/.
US bars drone flights over sites of World Cup matches
The U.S. Federal Aviation Administration said on Thursday it will bar drones over FIFA World Cup 2026 matches and related fan events across the U.S., to fortify security, Reuters reported. During match days, all aircraft operations, including drones, are prohibited within a radius of three nautical miles and up to 3,000 feet above ground level around the stadiums unless specifically authorized by air traffic controllers.
