President Ramchandra Paudel has formally certified three financial bills, paving the way for the implementation of Nepal’s new fiscal budget for the year 2082/83 B.S.
Certification of Financial Bills
According to a statement issued by Shailaja Regmi Bhattarai, spokesperson for the Office of the President at Sheetal Niwas, the Head of State has authenticated the bills in accordance with Article 113, Sub-Article 2 of the Constitution of Nepal, following their endorsement by both Houses of Parliament.
Bills Certified
The three certified bills include:
- Appropriation Bill for FY 2082/83 B.S.
Authorizes allocation and expenditure of funds from the Federal Consolidated Fund for government services and operations. - Finance Bill
Implements the financial proposals presented by the Government of Nepal. - Public Debt Bill
Grants authority to raise national debt on behalf of the Government of Nepal.
Implementation of New Budget Begins
With the certification of these bills, the legal process to implement Nepal’s budget for fiscal year 2082/83 B.S. has officially commenced.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
