President Paudel Approves Budget and Financial Bills

President Ramchandra Paudel has officially signed three key financial bills into law, following their approval by both the House of Representatives and the National Assembly. These bills are crucial for the smooth functioning of the government's financial system for the fiscal year 2025/26.

According to Shailaja Regmi Bhattarai, spokesperson for the Office of the President at Shital Niwas, the bills were authenticated under Article 113(2) of the Constitution of Nepal. This article allows the President to give legal approval to bills that have been endorsed by both houses of Parliament.

The first bill, known as the Appropriation Bill, allows the government to allocate and spend money from the federal consolidated fund to run various services and development programs. This bill essentially sets the government's spending plan for the upcoming fiscal year.

The second bill is the Finance Bill, which provides legal backing to the financial policies and tax measures announced in the national budget. It helps in implementing the government’s economic strategies and revenue plans.

The third bill relates to the government's authority to raise loans. With this law in place, the government is permitted to take domestic and foreign loans to manage financial needs when required.

These three bills, now signed into law, are essential for maintaining the federal government's financial operations and ensuring the implementation of the national budget.