Sagar Prasai and Paras Kharel on Unpacking Nepal’s Budget for FY 23/24

#Ep.047

Last Monday, the 29th of May, Finance Minister Dr. Mahat took the parliamentary podium for three grueling hours to announce the national budget for the Fiscal Year 2023/ 24. Besides the typical significance of the policy document for the State, this year’s Budget gathered more anticipation as word about a looming economic crisis was spreading fervently among experts and citizens alike. The Budget and its performance hence is a test for the State to prove its capacity to overcome historical errors. 

In today's episode,  PEI’s Saumitra Neupane sits with Sagar Prasai and Paras Kharel in a riveting conversation discussing the Nepal Budget FY 2023/24, analyzing its structure, priorities, and impacts.  They situate the Budget in the current context of an economic slowdown, tracing historical patterns, factors, and events that have enervated the Nepali economy. Their conversation then informs how the budget responds to contemporary economic challenges and what factors play into its performance success or failure. 

Sagar is a development professional with over two decades of experience working in the areas of water, energy, climate issues, and regional cooperation in South Asia. He currently provides advisory services to various organizations, including The Asia Foundation and the Australian Government’s DFAT. 

Paras is a trade economist with over 15 years of research experience. He is the Executive Director at South Asia Watch on Trade, Economics, and Environment and has a Ph.D. in Economics from the University of Melbourne. 

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