The Ministry of Finance has formed a three-member taskforce to find budget resources for the reconstruction of physical structures damaged during the Gen Z movement and for the upcoming House of Representatives election scheduled for March 5, 2026.

The taskforce comprises head of the Budget and Program Division, Suman Dahal, the head of the Foreign Aid Coordination Division, Dhaniram Sharma, and the head of the Revenue Management Division, Uttar Kumar Khatri.

Spokesperson of the Ministry of Finance, Tanka Prasad Pandey, said the taskforce has been formed to conduct an internal study on how to manage resources by cutting some plans and programs included in the current budget.

"The budget is needed for the election and reconstruction. A taskforce has been formed to study how to manage within the current budget the resources needed for the elections and reconstruction, and to identify potential areas," spokesperson Pandey said.

According to him, some projects and programs in the budget will have to be slashed. The taskforce has the mandate to determine the priorities for that purpose.

On Monday, newly appointed Finance Minister Rameshwar Prasad Khanal, while assuming office, stated that plans and programs that have been included in the budget through political pressure, those plans and programs inadequately prepared, and fragmented plans and programs in the budget for the current fiscal year 2082/83 would be cut.

The finance minister had stated that the government could raise about 100 billion rupees for elections and reconstruction through cuts in the plans and programs included in the current budget, without bringing in a supplementary budget.