New budget

After 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 to bring any new changes. If it happens, an early election presents additional costs of up to Rs 2 billion.