Election purse viable
The Finance Ministry believes it has enough funds for the 5 March elections and that it will not have to rely on donor support despite the price tag on repairing government facilities detroyed during the GenZ protest. The November 2022 elections cost Rs7 billion. The MoF plans to free up Rs110 billion by scrapping 1,300 low priority projects such as conferences, seminars.
Finance Minister Rameshore Khanal has also decided to release Rs9.8 billion in interest subsidies to the central bank in order to help private businesses damaged in the protests pay back loans.