Budget 2006-2007

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Updates new

  • Strategy of this year’s Budget
  • Overall Expenditure Framework for FY 2006-2007

Previous Budget

» National Budget 2005-2006

» National Budget 2004-2005

The strategy of this year’s budget are:

  • Accelerate economic growth by further streamlining the strong macroeconomic framework that is in place through continuous reforms and create  employment opportunities
  • Elevate Human Development Index (HDI) with the increased allocation in education, health and other social sectors along with qualitative improvement
  • Ensure financial security of the disadvantaged by widening social safety nets;  promote private sector initiatives and investment by adopting prudent fiscal and monetary policy
  • Reduce the cost of doing business by developing physical infrastructure
  • Ensure economic good governance, improve law and order, maintain internal security and enhance public management capacity
  • Budget deficit in the proposed budget has been scaled down to 3.7 percent of GDP
  • 56.3 percent of total resources have been directed towards direct and indirect poverty-reducing spending
  • Trade, commerce and investment will remain buoyant and the growth will reach in the neighbourhood of 7 percent
  • Due to reforms in monetary sector, the price inflation is expected to come down below 6 percent

 


 

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