The rationale against surpassing the NPC's ceiling is twofold. Firstly, an inflated budget poses risks to the country's economic stability by allocating resources towards potentially unproductive sectors. Furthermore, the prospect of escalating tax rates to meet revenue targets adds to the burden borne by Nepali citizens, who are already among the most heavily taxed in the region. Secondly, surpassing the national revenue with an inflated budget inevitably amplifies the nation's debt burden, compelling the government to seek additional loans either domestically or internationally. Presently, Nepal grapples with a staggering debt burden, standing at Rs 1.2 trillion in domestic loans and Rs 1.2 trillion in foreign loans, already disproportionate to its revenue.

KATHMANDU, Feb 16: The Ministry of Finance has announced an ambitious budget ceiling of Rs 1.8 trillion for the next fiscal year 2024/25.

KATHMANDU, April 25: The government has reduced the budget ceiling heavily for the projects related to physical infrastructure for the upcoming fiscal year.

KATHMANDU, Feb 25: The National Planning Commission (NPC) has fixed the ceiling for the budget of the fiscal year 2023/24 at Rs 1.688 trillion, which is less than the budget announced for the current fiscal year by Rs 105.43 billion.