The government has announced special concessions for 12 major products that achieve at least 50 percent value addition within the country.

Presenting the budget for fiscal year 2026-27 in the federal parliament on Friday, Finance Minister Swarnim Wagle also declared that capital gains tax would be treated as a final tax.

Wagle said the government would further ease provisions allowing Nepali citizens to invest abroad.

The budget also announced a 10 percent VAT discount for payments made through digital platforms. The government announced that a high-level committee would be established to examine the feasibility of a multi-rate VAT system.

Giving priority to artificial intelligence and information technology, Wagle said the government would place high emphasis on mathematics education, particularly in areas linked to AI applications.

The finance minister also announced a decision to increase the capital base of Rastriya Banijya Bank.

Wagle said a sunset law related to development projects would be tabled in Parliament within the current fiscal year.

The government also plans to issue offshore bonds in foreign currencies to mobilise capital from abroad.