Budget aims to promote astronomical tourism

Kathmandu: The government has shared its plan to establish an ‘ observatory centre’ in the Sagarmatha (Mt Everest) Base Camp, aiming to promote astronomical tourism.

Finance Minister Dr Swarnim Wagle shared this plan while presenting the budget for the upcoming fiscal year 2083-84 BS (2026-27) before the Federal Parliament on Friday.

Similarly, the government has announced the establishment of the ‘Nepal Enterprise Facility’ to establish the National Enterprise Ecosystem to promote start-up and small and middle-scale enterprises.

Such a platform is expected to make enterprise-related policy provisions, identify and find access to new financial instruments and launch the incubation services and support network in an integrated way. It is also said to coordinate the domestic enterprise campaign.

The government has, through the budget speech, introduced a plan to provide start-up facilities to 1,000 youths interested in exploring potentialities in the agriculture and livestock sector. This is expected to promote entrepreneurship in the rural economy and to support job creation.

Similarly, through the budget, the government has announced to implement research, innovation and entrepreneurship programmes so as to open a lot of doors for youth scientists.

The government has allocated a budget amounting to Rs four billion for science, technology, and innovation, while appropriating Rs 500 million for the establishment of Nepal Enterprise Facility.

This initiative is expected to expand the start-up culture, foster research, and build an economy based on innovation.

RSS