
The NEPSE Journal
Market commentary, data deep-dives, and trading notes from the NEPSE Trading desk.

For ordinary investors who have watched their portfolios suffer through years of policy paralysis and market volatility, the signals from Monday's meeting offer cautious hope. The roadmap exists. The political will appears to be there. What remains to be written is the chapter on delivery.

The government has begun another fiscal year with a larger budget, but the previous year’s results provide a clear warning. Unless revenue administration and development implementation improve, the new budget may again end with unfulfilled targets, rising debt and a large amount of unspent development money.