Budget 2080-81: Key Highlight
Bajgai & Associates
Overview on Budget 2080-81
Budget 2080-081
17.55%
Current Expenditure
Capital Expenditure
17.25%
65.20%
Financial Management Expenditure
Objective of Budget 2080-81
 Economy progression and sustainable and
inclusive Growth.
 Quality social development and security
 Import Foreign Investment.
 Making social expenses Effective through
improving in budget.
Priority in Budget 2080-81
 Agriculture, Energy and Tourist Area
Development
 Investment Handling, Industrial Development
and Trade Balances
 Social area development and Social security
 Quality Infrastructure Development.
 Environment Protection, water and air
Management Etc.
Key Highlight
 Notional Economy Growth guess to be 2.16
per cent.
 Prioritized to decrease the disparity between
the rich.
 The revenue collection guess to be Rs. 11
Kharba 79 Arba and 84 Crore, which is 84% of
Target Revenue.
 The revenue collection in the ongoing fiscal
year will decrease by 5.95 per cent.
 Foreign Grant guess to be 38 Arba 46 Crore
and Foreign loan like to be 70 Arba 44 Crore.
 Amount Rs.12 Kharba 80 Arba and 25 Crore
required to allocate for salary, allowances and
social security.
 20 different institutes and committees have
been suspended to maintain frugality in
government spending.
 Abolition of incentives and additional
allowances.
 15 billion 56 million budget in forest and
environment sector.
 Vaccines will be produced in the country to
control epidemics of livestock.
 Removal of minimum limit of foreign
investment in information technology.
 Budget 8.8 billion for the Ministry of Labour
and Social Security.
 Allotment of land is released.
 Announcement of 'Production in hand, grant
in hand' programme.
 Giving Lalpurja to 25,000 landless people of
110 local levels.
 A provision to open a company with an
authorized capital of Rs 100.
 Legal arrangements will be made to promote
and regulate the trade of Nepali goods and
services through e-commerce.
 Revised Prime Minister's Employment
Program, 5.94 billion budget was allocated
 58 billion budget for the Ministry of
Agriculture and Livestock.
Bajgai & Associates I Chartered Accountants
428, New Baneshwor, Kathmandu-31
+977-01-5905158 I bajgaiassociates@gmail.com I www.bajgaiassociates.com.np
Budget 2080-81: Key Highlight (Continued….)
 The scope of work of the cooperative will be
concentrated in certain geographical areas
 To study the feasibility of cannabis cultivation.
 Subsidiary highway work up to Rs. 25 lakhs
from the concerned state.
 7 billion to provide employment opportunities
at all local levels.
 Government vehicles will be provided with
cash instead of fuel.
 Branding of mountain water.
 If the contract is not signed within 9 months,
the agreement will automatically be
cancelled.
 98 types of medicines, vaccines and other
basic health services are free.
 Economic growth is expected to be 2.16
percent in basic prices.
 All faculties all subject are eligible to
participate in the Teacher Licensure
Examination.
 The year 2023-2032 has been declared the
Decade of Tourism.
 A budget of 1 trillion 97 billion 29 million has
been allocated for the Ministry of Education
 The Ministry of Health received a budget of
83.99 billion.
 The Ministry of Water Supply received a
budget of 28 billion 16 million.
 The government did not increase the old age
allowance.
 No limit on foreign investment in the ICT
sector.
 Branding of mountain water.
 If the contract is not signed within 9 months,
the agreement will automatically be
cancelled.
 98 types of medicines, vaccines and other
basic health services are free.
 Company registration fee and capital
increment fee is zero.
 Fiber connectivity in all local level
 IT park and data center.
 Government payment through QR code
 Land-related administrative works to be
shifted online.
 Expanding access to the Nagarik App.
 Arrangements will be made for two shifts
work in infrastructure construction.
 Necessary plans will be prepared for the
development of waterways in major river
systems such as Koshi, Gandaki, Karnali and
Bheri.
 Junk food will not be served on community
school days.
 1% of total budget to Science, Technology,
Innovation & Research Fund.
 Year 2023-2033 will be celebrated as Tourism
Decade.
 Old age allowance of Rs 4,000 continued.
 Grant to chemical fertilizer for the budget of
30 arba.
 Unused vehicles will be auctioned within 6
months.
 Vaccines will be produced in the country to
control epidemics of livestock.
VAT, Excise and Customs:
 Import Duty on raw materials imported for
the production of goods to decrease by at
least 1%.
 VAT Registered Taxpayers with annual
turnover of less than 1 crore can submit
returns on 4 monthly basis.
 No custom duty to be levied on Television
brought by people gone for foreign
employment.
Income Tax:
 Increase of 1% tax on saving account interest
income of the general public. (TDS From 5% to
6%)
 2% luxury tax on ornaments made out of gold,
diamond, etc. having value more than Rs. 10
lakhs
 Increase in tax rates of salaried people on
income more than 50 lakh (from 36% to 39%)
Tax Rate in Nepal For Fiscal Year 2080/81
Annual Income(Unmarried Annual Income(married
individual)
Couple)
Up to Rs. 500,000
Up to Rs. 600,000
Rs. 500,001 - Rs. 700,000
Rs. 600,001 - Rs. 800,000
Rs. 700,001 - Rs. 10,00,000 Rs. 800,001 - Rs. 11,00,000
Rs. 10,00,001 - Rs. 20,00,000 Rs. 11,00,001 - Rs. 20,00,000
Rs. 20,00,001 - Rs. 50,00,000 Rs. 20,00,001 - Rs. 50,00,000
Above Rs. 50,00,000
Above Rs. 50,00,000
Bajgai & Associates I Chartered Accountants
428, New Baneshwor, Kathmandu-31
+977-01-5905158 I bajgaiassociates@gmail.com I www.bajgaiassociates.com.np
Income Tax
Rate(2080-81)
1%
10%
20%
30%
36%
39%