Nepal: Finance Ministry sets up revenue advisory body for 2026/27 budget

The Ministry of Finance has begun groundwork for the 2026/27 fiscal budget by forming a Revenue Advisory Committee under the coordination of Revenue Secretary Bhupal Baral. Established by Finance Minister Rameshore Khanal, the committee includes representatives from the FNCCI, CNI and Nepal Rastra Bank. It will review tax structures such as VAT, income tax and digital service tax, while exploring additional revenue avenues. Nine thematic subcommittees will assess sector-specific challenges including agriculture, energy and capital markets. The move follows the National Planning Commission’s issuance of a budget ceiling on February 19.