Finance Minister Dr Swarnim Wagle has expressed his hope that the budget for the upcoming fiscal year will set a standard for good governance.

Commencing the budget speech for the fiscal year 2083-84 BS (2026-27) before a joint session of the Federal Parliament a while ago, the Minister said the upcoming budget will bring transformations in policies, laws, institutions, procedures and leadership, thus establishing good governance.

"An end to policy indecisions, the culture of dilly-dallying, capture of institutions and exploitation of state resources and establishing result-oriented governance is the prime need of the hour," the Minister said. 

Stating that the nation is in the decisive juncture of comprehensive economic reforms, he said the budget is centered on massive reforms in economy and the establishment of good governance.  As he said, the budget is primarily focused on production-based economy, good governance and technology-friendly development.

He said that the public mandate to the incumbent government is considered as an extra-ordinary responsibility, he said the government is moving towards the direction of bringing transformation in the state's characteristics, governance culture and the form of economy.

The Minister claimed that this time's budget has been presented as a reliable document for policy transformations instead of limiting it as an official statement.

Information and communications, artificial intelligence, finance, trade, investment and collective capacity of Nepali communities that spread across the globe have been presented as major bases for economic transformations. He said the government aims to build a new structure for coordinated economic growth through the proper utilization of new technology.