The Budget Formulation Work Schedule for the fiscal year 2026/27 has been structured to allow all government ministries to submit their proposed plans and programs in a timely manner.
Amid the ongoing formation of a new government following the House of Representatives election, all ministries have been directed to enter their proposals into the Line Ministry Budget Information System (LMBIS) by March 29, in line with the approved budget calendar.
According to Tanka Prasad Pandey, spokesperson for the Ministry of Finance Nepal, ministries have been instructed to ensure that their submissions adhere to the निर्धारित budget ceilings for the upcoming fiscal year.
Pandey noted that the budget preparation process must move forward despite uncertainty surrounding the formation of the new government and its policy direction. He emphasized that the budget is not only an economic document but also closely tied to political priorities.
“The nature of policies and programs introduced by the incoming government, along with its manifesto commitments, will shape the formulation of next year’s plans,” he said.
Meanwhile, the Revenue Advisory Committee is actively working on recommendations for tax policies for the upcoming fiscal year. Preparations are also underway for key documents such as the Economic Survey and the progress report of public enterprises, commonly referred to as the Yellow Book.
As per constitutional provisions, the government is required to present the budget at a joint session of the Federal Parliament.
