Govt to prioritise employment generation in new budget plan

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Kathmandu, April 25

Estimating that more than one million people in the country will lose their jobs due to the Covid-19 pandemic, the government is preparing to prioritise employment generation in its annual budget plan for the next fiscal year.

As per the constitutional provision, the government will have to present the plan for the new fiscal year beginning mid-July, in Parliament on May 28. Officials in the Ministry of Finance have already begun preparations to draft the plan.

Whereas the Ministry of Labour, Employment and Social Security was focused on employment generation to provide social protection to the underprivileged in the past years, the officials there have now begun devising new concepts to address the current crisis.

This time, the government also has to address concerns of thousands of Nepalis who are likely to return home from various countries as they will lose their jobs due to the crisis. Recently, the government has estimated that around 300,000 Nepali migrants will return home soon.

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