Kathmandu: The full meeting of the National Planning Commission (NPC) held today under the chairmanship of Prime Minister KP Sharma Oli has approved the medium-term expenditure framework for the upcoming three fiscal years.
According to National News Agency Nepal, the meeting, which took place at the Office of the Prime Minister and the Council of Ministers, Singha Durbar, approved the annual development programme of the three-year medium-term framework for the fiscal year 2082/83-2084/85 (2025/26 to 2027/28) in accordance with the Intergovernmental Financial Management Act, 2074. This framework will encompass the details of the annual income and expenditure for the coming fiscal year 2025/26.
The meeting also resolved to prepare and send to the Ministry of Finance the necessary estimates of income and expenditure based on the resource estimates and limits determined by the National Resource Estimation Committee starting from the upcoming fiscal year. This decision aims to further streamline the budget formulation process.
NPC Vice Chairman Prof Shivraj Adhikari stated that work is underway to present all ministries with details of source estimation and projections for the upcoming three fiscal years. This will include analysis and prioritization of projects, with an emphasis on development while maintaining economic discipline.