Nepal Announces Rs 2.124 Trillion Budget for Fiscal Year 2026/27

Nepal's government has unveiled a budget of Rs 2.124 trillion for the upcoming fiscal year 2026/27, signaling its financial priorities and development plans.

Finance Minister Dr. Swarnim Wagle presented the annual financial plan, detailing allocations for various sectors. Capital expenditure is set at Rs 431 billion, while financial management will receive Rs 422 billion. Revenue is projected at Rs 1.404 trillion, supplemented by an estimated Rs 61.74 billion in grants and Rs 247 billion in foreign loans. Domestic borrowing is planned at Rs 410 billion, with recurrent expenditure estimated at Rs 1.27 trillion.

The education sector has been allocated Rs 218.30 billion, though this is less than the Rs 268 billion designated for physical and urban infrastructure development. The sports sector will receive Rs 4.03 billion, intended for the development and promotion of sports activities nationwide.

Further allocations include Rs 12.31 billion for the forest, environment, and climate sector. The Health Insurance Board receives Rs 15 billion, an increase from the previous Rs 10 billion, with plans for broad restructuring to enhance effectiveness and sustainability. The social security sector is allocated Rs 120 billion, with a government aim to eliminate street children through coordinated efforts across all government levels and reform child correction homes.

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The allocation would be used for the development and promotion of sports activities across the country.