Nepalese salary increased


 

Budget of Nepal



Government employees, including security personnel and teachers are happy knowing that their salary is increased through budget. Government of Nepal has raised salaries of these employees between 30.39 per cent and 42.86 per cent considering the current inflation rate. Existing dearness allowance has been adjusted to the new pay scale. The budget has offered a chance of voluntary disclosure of property to the public and the disclosed property would be treated as tax base effective from the fiscal year 2012-2013.

Finance Minister Bhart Mohan Adhikari unveiled the budget estimates of Rs. 384.90 billion that puts top emphasis on peace, constitution, social justice and infrastructure. The socialist budget has, however, ignored the private sector at the expense of cooperatives. Protection of production oriented, import substituting and export oriented industries will be given tax incentives to gear national economy towards industrialization. The government has also promised to start Health Insurance Program for the government employees.