The Nepal–India Chamber of Commerce and Industry (NICCI) has reviewed and analyzed the annual budget for Fiscal Year 2083/84 (2026/27) presented by the Government of Nepal on Jestha 15, 2083.

The total outlay of the budget stands at NPR 2.124 trillion (NPR 21 Kharba 24 Arba 34 Crore). The proposed financing includes NPR 1.405 trillion from revenue collection, while the remaining amount will be managed through foreign grants and public borrowing of NPR 657.29 billion, comprising NPR 410 billion through domestic borrowing and NPR 247 billion through foreign borrowing.

NICCI considers the budget to be relatively balanced overall, with an effort to introduce some new initiatives while continuing several ongoing policies and programmes. Although the budget may not fully reflect the ambitious vision required for a fundamental transformation of Nepal’s economy, it does indicate a positive intention to introduce reform-oriented measures and address several longstanding concerns raised by the private sector, particularly in taxation, industry promotion, and investment facilitation.

Positive Provisions and Reform Measures Welcomed by NICCI

• Maintaining customs duties on imported raw materials at least one level lower than on finished goods, thereby encouraging domestic production and value addition.
• Reduction of customs duties on raw materials used in the production of 243 types of goods, which is expected to improve industrial competitiveness.
• Removal of excise duties on 360 products, making industrial and business operations easier.
• Simplifying arrangements for Nepali citizens to invest abroad.
• Amending the Foreign Investment and Technology Transfer Act so that prior approval from Nepal Rastra Bank is no longer required for repatriation of investment; notification will be sufficient.
• Simplifying procedures for payment of service fees, royalties, and technology-transfer related remittances abroad.
• Announcement of establishing Nepal’s first computer/data center in Syuchatar, contributing to digital infrastructure and technological development.
• Launching special initiatives to help Nepal confidently enter the era of Artificial Intelligence (AI).
• Concessional loans and incentive programs for women entrepreneurs, supporting inclusive entrepreneurship.
• Commitment to cooperate with the private sector in the operation and promotion of Gautam Buddha International Airport and Pokhara International Airport, contributing to tourism and regional connectivity.
• Preparations for “Visit Nepal Year 2085” and “Nepal Arogya Year 2027” aiming to develop Nepal as a center for health and wellness tourism, creating new economic opportunities.
• Simplification of the customs tariff structure by reducing the number of tariff slabs from 11 to 7, making trade procedures easier.
• A policy of zero tolerance toward cornering and market manipulation and artificial control in the stock market, which is expected to increase investor confidence.
• Legal reforms regarding foreign investment approval, accounting of investments, profit repatriation, and capital gains tax to facilitate participation of Non-Resident Nepalis (NRNs) in the secondary securities market.
• Revisions to the tax structure, including a 1% tax rate on income up to NPR 1 million and maintaining the maximum tax rate at 28%.
• Announcement of issuing diaspora bonds to attract investment from Nepalis living abroad and support foreign capital mobilization.
• Arrangements enabling the private sector to trade electricity in international markets.
• Implementation of the “Investment Express” concept within three months through an automatic route system, under which projects approved by the Investment Board will not need additional approvals from other agencies.  

NICCI’s Conclusion

NICCI concludes that these provisions are generally positive and reform-oriented. While the budget may not immediately bring broad economic transformation, it includes various constructive measures to promote industry, investment, entrepreneurship, tax reform, and private-sector participation. Therefore, it can be viewed as a positive step toward economic reform.

NICCI remains committed to working with the Government of Nepal and all relevant stakeholders to further strengthen trade, investment, industrial cooperation, and economic partnership between Nepal and India.

Nepal–India Chamber of Commerce and Industry (NICCI)
Kathmandu.

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नेपालसरकारकोतर्फबाटअर्थमन्त्रीमाननीयअर्थमन्त्रीडा. स्वर्णिमवाग्लेज्यूबाटप्रस्तुतआर्थिकवर्ष२०८३–८४ (२०२६–२७) कोबजेटसम्बन्धमा

नेपाल–भारतउद्योगवाणिज्यसंघ(NICCI)

कोसंक्षिप्तविश्लेषण

काठमाडौं, ३१मे२०२६।

नेपाल–भारतउद्योगवाणिज्यसंघल्क्ष्ऋऋक्ष्लेनेपालसरकारद्वारा२०८३जेठ१५गतेप्रस्तुतआर्थिकवर्ष२०८३–८४ (२०२६–२७) कोवार्षिकबजेटकोअध्ययनतथासमीक्षागरेकोछ।

यसवर्षकोकुलबजेटरु. २१खर्ब२४अर्ब३४करोडरहेकोछ।बजेटकोस्रोततर्फरु. १४खर्ब५अब३१करोडराजस्वसंकलनबाटतथाबा“कीरकममध्येरु. ६१अर्ब७४करोडबैदेशिकअनुदानबाटब्यहोेर्नेतथा६५७अर्ब२९करोडअपुगरकमसार्वजनिकऋणमार्फतव्यवस्थागरिनेउल्लेखगरिएकोछ, जसमारु. ४१०अर्बआन्तरिकऋणररु. २४७अर्बवैदेशिकऋणबाटब्यबस्थापनगरिनेसमावेशछन्।

NICCIकोदृष्टिमाप्रस्तुतबजेटसमग्रमासन्तुलितदेखिएकोछ।बजेटलेकेहीनया“कार्यक्रमतथासुधारकापहलहरूअघिसारेकोछभनेविगतकाकेहीकार्यक्रमहरूलाईपनिनिरन्तरतादिएकोछ।यद्यपिमुलुककोअर्थतन्त्रमाअपेक्षितसंरचनात्मकपरिवर्तनल्याउनेदृष्टिलेबजेटअझमहत्वाकांक्षीहुनसक्थ्यो, तथापिनिजीक्षेत्रबाटउठाइएकाकर, उद्योग, लगानीरव्यापारसहजीकरणसंगसम्बन्धितकेहीमहत्वपूर्णविषयहरूलाईसम्बोधनगर्नेप्रयासभएकोदेखिन्छ।यसलेसुधारमुखीसंकेतदिएकोरनिजीक्षेत्रलाईकेहीहदसम्मसकारात्मकसन्देशप्रवाहगरेकोNICCIकोबुझाइरहेकोछ।

NICCIबजेटमासमेटिएकानिम्नसकारात्मकव्यवस्थातथासुधारकापहलहरूलाईविशेषरूपमास्वागतगर्दछः

कच्चापदार्थआयातमालाग्नेभन्सारमहसुलतयारवस्तुभन्दाकम्तीमाएकतहकमराख्नेव्यवस्था, जसलेस्वदेशीउत्पादनरमूल्यअभिवृद्धिलाईप्रोत्साहनगर्नेछ।

२७३प्रकारकावस्तुउत्पादनमाप्रयोगहुनेकच्चापदार्थकोआयातमाभन्सारमहसुलघटाइएकोव्यवस्था, जसलेउद्योगहरूकोप्रतिस्पर्धात्मकक्षमताअभिवृद्धिगर्नेअपेक्षागरिएकोछ।

३६०वस्तुमालाग्दैआएकोअन्तःशुल्कहटाइएकोव्यवस्था, जसलेउद्योगव्यवसायसञ्चालनमासहजताल्याउनेछ।

नेपालीनागरिकलेबिदेशमालगानीगर्नपाउनेब्यबस्थालाईसहजबनाउने।

बिदेशीलगानीतथाप्रबिधिहस्तान्तरणऐनमासंशोधनगरिलगानीफिर्ताकालागीनेपालराष्ट्रबैंककोपूर्वस्वीकृतिलिनुनपर्नेरजानकारीदिएपुग्नेब्यबस्थागर्ने।

बिदेशमासेवाशुल्कभुक्तानी, रोयल्टीरप्रबिधिवापतकोरकमपठाउनेप्रक्रियासरलबनाउने।

स्युचाटारमानेपालकोपहिलोकम्प्युटसेन्टरस्थापनागर्नेघोषणा, जसलेडिजिटलपूर्वाधाररप्रविधिविकासमायोगदानर्पुयाउनेछ।

नेपाललाईएआईकोयुगमाआत्मबिश्वासकासाथप्रबेशगराउनबिशेषपहलसुरुगरेको।

महिलाउद्यमीहरूकालागिसहुलियतपूर्णकर्जातथाप्रोत्साहनकार्यक्रम, जसलेसमावेशीउद्यमशीलताविस्तारमासहयोगगर्नेछ।

गौतमबुद्धअन्तर्राष्ट्रियविमानस्थलरपोखराअन्तर्राष्ट्रियविमानस्थलकोसञ्चालनतथाप्रवद्र्धनमानिजीक्षेत्रसँगसहकार्यगर्नेप्रतिबद्धता, जसलेपर्यटनरक्षेत्रीयसम्पर्कविस्तारमायोगदानर्पुयाउनेछ।

भिजिटनेपालबर्ष२०८५रनेपालआरोग्यबर्ष२०२७कोतयारीगर्ने।

नेपाललाईस्वास्थ्यतथावेलनेसपर्यटनकोकेन्द्रकोरूपमाविकासगर्नेलक्ष्य, जसलेनयाआर्थिकअवसरहरूसिर्जनागर्नसक्नेछ।

भन्सारमहसुलसंरचनालाई११तहबाट७तहमासीमितगरीसरलीकरणगरिएकोव्यवस्था, जसलेव्यापारप्रक्रियालाईसहजबनाउनेछ।

शेयरबजारमाकृत्रिमनियन्त्रणतथाचलखेलविरुद्धशून्यसहनशीलताकोनीति, जसलेलगानीकर्ताकोविश्वासअभिवृद्धिगर्नेछ।

गैरआवासीयनेपालीलाईधितापत्रकोदोश्रोबजारमासहभागीगराउनबिदेशीलगानीस्वीकृति, लगानीकोलेखांकन, नाफाफिर्तारपूजीगतलाभकरसम्बन्धीकानूनीब्यबस्थामापरिमार्जनगर्ने।

करसंरचनामासंशोधन, जसअन्तर्गतरु. १०लाखसम्मकोआम्दानीमा१प्रतिशतकरकोव्यवस्थागरिएकोछभनेअधिकतमकरदर२९प्रतिशतकायमगरिएकोछ।

विदेशमारहेकानेपालीहरूकोलगानीआकर्षितगर्नडायस्पोराबन्डजारीगर्नेघोषण, जसलेवैदेशिकलगानीपरिचालनमासहयोगर्पुयाउनसक्छ।

नीजीक्षेत्रलाईअन्तराष्ट्रियबजारमाबिद्युतब्यापारगर्नपाउनेब्यबस्थामिलाउने।

लगानीएक्स्प्रेसकोअवधारणाकोकार्यान्वयनतीनमहिनाभित्रस्वचालितरुटप्रणालीलागूगर्ने, जसअन्तर्गतलगानीबोर्डबाटस्वीकृतभएकापरियोजनामापुनःअन्यनिकायबाटस्वीकृतिलिननपर्नेब्यबस्थासकारात्मकछ।

NICCIकोनिष्कर्षमायीव्यवस्थाहरूसकारात्मकतथासुधारमुखीकदमकारूपमारहेकाछन्।यद्यपिबजेटलेतत्कालैअर्थतन्त्रमाव्यापकपरिवर्तनल्याउनेअवस्थानदेखिएपनिउद्योग, लगानी, उद्यमशीलता, करसुधारतथानिजीक्षेत्रकोसहभागितालाईप्रोत्साहनगर्नेविभिन्नरचनात्मकप्रावधानहरूसमेटिएकालेयसलाईअर्थतन्त्रसुधारतर्फकोसकारात्मकप्रयासकारूपमालिनसकिन्छ।

नेपाल–भारतउद्योगवाणिज्यसंघ(NICCI)नेपालसरकारतथासम्बन्धितसबैनिकायहरूसंगसहकार्यगर्दैनेपाल–भारतबीचव्यापार, लगानी, औद्योगिकसहकार्यतथाआर्थिकसाझेदारीलाईअझसुदृढबनाउननिरन्तरप्रतिबद्धरहनेछ।

नेपाल–भारतउद्योगवाणिज्यसंघ(NICCI)

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