Budget highlight

Budget outlay fixed at Rs 126 billion 885.1 million

• Development expenditute fixed at Rs 52 billion 40 million 411 thousand

• Net deficit at Rs 11.85 billion

• Fiscal deficit pegged at Rs 15 billion 906.7 million

• No tax on income of up to Rs 125,000 for married and Rs 100,000 for unmarried

• 25 per cent salary hike for postmen

• Special allowance for government employees merged with salary

• 10 per cent hike in pension (for 85 above)

• Education sector gets Rs 21.05b

• Agriculture sector gets Rs 3.810 billion

• Rs 790.09 million for land reforms programme

• Health sector gets Rs 7.68 billion

• Rs 1.52 billion earmarked for Melanchi project

• Rs 350 million allocated for Sikta Irrigation Project

• NEA to issue 20 to 30 years power bond to construct new projects

• 150 pilot irrigation projects will be operate dunder the management of Cooperatives

• Rs 40 million allocated for the implementation of community-based special programmes in 40 districts

• Special livestock programme targeted to dalits and freed bonded labourers in 22 districts

• Free of cost vocational trainings for conflict-hit IDPs

• Financial sector reform programme to continue

• Rs 6.60 billion budget allocated for municipal election

• Rs 5.57 billion allocated for overall programmes of Roads Sector

• Rs 2.79 billion earmarked for Middle Marsyangdi Hydroelectric Project

• Business income tax altered. Nepse registered company gets two per cent rebate

• Nepal Telecom to be listed on Nepse

• Industrial Rehabilitation Fund to be established

• NRN ordinance in offing

• Special package for Karnali

• Diamond and jewellery to attract seven per cent levy

• Export Promotion Village to be set up

• Work to be started for Special Economic Zone in Birgunj

• General insurance transaction has been brought into the net of VAT

• Annual royalty to be paid by each Casino operated in the Kingdom of Nepal has been raised to Rs 15 million

• Royal Palace expenses raised to Rs 355 million