KATHMANDU, May 6: The visiting Minister for Foreign Affairs of Japan, Kamikawa Yoko, paid a courtesy call on President Ram Chandra Paudel at the President House in Shital Niwas on Sunday.
KATHMANDU, May 6: Upendra Yadav, the chairman of the Janata Samajwadi Party (JSP) and Minister for Health and Population, is returning to Kathmandu today, after cutting short his foreign tour upon receiving the party’s split news. He is scheduled to depart for Kathmandu tonight from Doha, the capital of Qatar.
KATHMANDU, May 6: Deputy Prime Minister and Minister for Foreign Affairs Narayankaji Shrestha and visiting Minister for Foreign Affairs of Japan, Kamikawa Yoko, held bilateral talks on Sunday.
The rationale against surpassing the NPC's ceiling is twofold. Firstly, an inflated budget poses risks to the country's economic stability by allocating resources towards potentially unproductive sectors. Furthermore, the prospect of escalating tax rates to meet revenue targets adds to the burden borne by Nepali citizens, who are already among the most heavily taxed in the region. Secondly, surpassing the national revenue with an inflated budget inevitably amplifies the nation's debt burden, compelling the government to seek additional loans either domestically or internationally. Presently, Nepal grapples with a staggering debt burden, standing at Rs 1.2 trillion in domestic loans and Rs 1.2 trillion in foreign loans, already disproportionate to its revenue.