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Home Prime News

Federal Parliament Begins Budget Session as Government Prepares FY 2026/27 Plan

CEO Tab by CEO Tab
May 11, 2026
in Prime News
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Budget of Rs 1.751 trillion announced for fiscal year 2023/24
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Nepal’s federal parliament is set to begin its budget session on Monday, with President Ram Chandra Paudel scheduled to unveil the government’s policies and programs for the upcoming fiscal year. The address formally marks the opening of the first budget session under the administration of Prime Minister Balendra Shah.

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President Paudel will present the government’s policy framework during a joint session of the House of Representatives and the National Assembly at 4 PM, in accordance with Article 95 of the Constitution. According to Federal Parliament Secretariat spokesperson Eak Ram Giri, the address will highlight the government’s key priorities and policy direction, which will serve as the basis for the annual budget.

The government’s policies and programs are considered a strategic roadmap designed to transform national objectives such as economic growth, poverty reduction, and infrastructure development into practical plans supported by financial allocations. The Constitution requires the President to present this document before the beginning of every new fiscal year.

Based on these policies and programs, the government will move forward with the budget session, during which the national budget for fiscal year 2026/27 will be introduced. Finance Minister Swarnim Wagle is scheduled to present the annual budget on May 29. The National Planning Commission has proposed a budget ceiling of Rs 1.9 trillion, while the government has committed to introducing a realistic and implementation-oriented budget rather than a populist one.

Prior to the President’s address, separate meetings of both houses of parliament will take place at 2 PM. The agenda of the House of Representatives includes reading the President’s letter summoning the session, informing lawmakers about the recent reshuffle in the Council of Ministers, nominating members to chair meetings in the Speaker’s absence, and endorsing resolutions related to parliamentary obstructions under Rule 260 of the House Rules, 2022.

The government is also preparing to table eight ordinances in parliament. These include the Public Procurement (Second Amendment) Ordinance, 2026, the Special Provisions on the Removal of Public Officials Ordinance, 2026, and the Constitutional Council (Work, Duties, Powers and Procedures) First Amendment Ordinance, 2026. The ordinances will be presented in both houses for further discussion and deliberation.

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