The government has appointed three economists as economic advisers to the Ministry of Finance. Finance Minister Dr. Prakash Saran Mahat has formed an expert group to prepare the federal budget for the next fiscal year. Economists Biswo Paudel, Dr. Posh Raj Pandey, and Dr. Gunakar Bhatt have been appointed as the economic advisors through the ministerial decision on Thursday. According to the Secretariat of Finance Minister, Paudel has been appointed as the Chief Advisor of the Ministry of Finance. Paudel is the former vice-chairman of the National Planning Commission (NPC), while Pandey has also served as a member of the NPC in the past. Bhatt is the executive director of Nepal Rastra Bank.

The advisors are expected to assist Finance Minister Dr. Prakash Saran Mahat in the drafting of the budget for the next fiscal year. The government is working to present the budget for the next fiscal year at the parliament on May 29 (Jestha 15), as per the constitutional mandate. After taking the helm of the Finance Ministry, Dr. Mahat has been putting his efforts to resolve the current economic downturn and introduce long-term reform measures.