The Hon'ble Finance Minister, Dr. Yuvaraj Khatiwada presented annual budget of 1532 billion (PY Rs.1,315 billion) on May 29th, 2019 for the financial year 2076-77 (2019-20) through Finance Bill, 2076.

Nepal’s debt financing landscape is undergoing its most significant statutory overhaul in years. Three parallel developments are converging in 2026. The first is a draft amendment to the Public Debt Management Act, 2079 that would allow the sovereign to issue foreign currency denominated government securities for the first time.

Nepal Rastra Bank (NRB) has issued the Fifth Amendment to the Foreign Loan and Investment Management Bylaws, 2078 (2021) for on 30 December 2025 (though NRB Board decision was done on December 11, 2025).

Nepal’s hydropower sector still runs on a licensing regime built around the Electricity Act, 2049 (1992) and the Companies Act, 2063 (2006), with a cluster of sector-specific policies layered on top over three decades. The Ministry of Energy, Water Resources and Irrigation (MoEWRI) retains policy oversight and licensing authority. The Department of Electricity Development (DoED) issues survey and generation licences for certain threshold.

Nepal has introduced a statutory Safe Harbour framework for transfer pricing through the amendments made by the Finance Act, 2083 to the Income Tax Act, 2058. The new provision, Section 33A, establishes prescribed conditions under which eligible taxpayers can determine the transfer price of specified transactions by applying the statutory safe harbour benchmarks. The reform adds a more predictable mechanism to Nepal’s existing transfer pricing framework, which is principally governed by Section 33 of the Income Tax Act and the Inland Revenue Department‘s Transfer Pricing Directives, 2024 (2081 BS).