In developing countries, a high proportion of economic activity is controlled, directly or indirectly, by the government, where the political process determines the allocation of resources. However, in advanced countries, the budget is a mechanism by which taxpayers and their representatives control the financial activities of the government, distributing public power between different sectors and creating a system of checks and balances.
In developing countries, a high proportion of economic activity is controlled, directly or indirectly, by the government, where the political process determines the allocation of resources. However, in advanced countries, the budget is a mechanism by which taxpayers and their representatives control the financial activities of the government, distributing public power between different sectors and creating a system of checks and balances.
Finance Minister Dr Prakash Sharan Mahat has said that the upcoming fiscal year's budget will focus on infrastructure development, skills generating education and employment creation.
Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that’s already been available on the company’s upscale models for more than a year.
KATHMANDU, May 29: The budget 2021/22 has allocated Rs 45.09 billion for the agriculture sector. Of the amount, Rs 12 billion will be spent on the supply management of chemical fertilizers.
fter President Bidya Devi Bhandari dissolved Parliament and called snap elections, the new budget slated for 29 May will be passed via an ordinance. Despite the political changes, budget preparation and implementation will not be affected, says Finance Secretary Shishir Dhungana. Revenue collection and expenditure models will be outlined in the ordinance until representatives are elected […]
KATHMANDU, May 16: Prime Minister KP Oli on Sunday said that the annual budget 2021/22 will be introduced through the due parliamentary process amid growing concerns if the new fiscal year’s budget will come through an ordinance.
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