The Federal Parliament Secretariat has finalized all preparations for Friday’s joint parliamentary session, during which the annual revenue and expenditure estimates for the fiscal year 2026/27 will be unveiled.
The joint meeting of both houses of the Federal Parliament is scheduled for 4:00 PM at the multipurpose hall of the under-construction parliament building in Singha Durbar. Finance Minister Dr. Swarnim Wagle is set to present the national budget.
According to Federal Parliament Secretariat spokesperson Ekram Giri, the initial plan was to organize the session in the main House of Representatives chamber of the new parliament building. However, ongoing finishing work prevented its use, leading authorities to shift the event to the multipurpose hall currently used for regular House meetings.
Giri stated that due to limited seating capacity, officials from constitutional bodies, senior government officials, and representatives of diplomatic missions in Nepal have not been invited to this year’s session. Members of both the House of Representatives and the National Assembly have been asked to arrive early to ensure seating arrangements are managed smoothly.
The budget presentation follows the constitutional requirement introduced after the promulgation of the new constitution, mandating that the national budget be presented every year on May 29 (Jestha 15), which also marks Republic Day.
This year’s budget is being introduced by the Rastriya Swatantra Party-led government, which secured an almost two-thirds majority in the March 5 House of Representatives elections.
Officials say the budget has been shaped largely by the ruling party’s election manifesto, the government’s 100-point governance reform action plan, and the guiding principles outlined in the Appropriation Bill previously tabled in Parliament.
The government has also incorporated recommendations from lawmakers of both parliamentary houses along with its broader governance agenda, with the goal of making the budget more systematic, transparent, and outcome-focused.
For the upcoming fiscal year, the National Planning Commission has proposed a budget ceiling of Rs 1.89 trillion. This comes after a challenging fiscal period in which the current year’s original budget of Rs 1.964 trillion was later revised.
Following political unrest and public protests on September 8 and 9 that resulted in a change of government, then Finance Minister Rameshore Khanal reduced the active budget size to Rs 1.688 trillion through a mid-term budget review.
