Kathmandu, May 29 -- Finance Minister Swarnim Wagle, who has consistently opposed oversized budgets, is set to present the new budget on Friday, exceeding the fiscal ceiling set by the National Resource Estimation Committee under the National Planning Commission.

Amid contracting revenue and slower-than-expected growth in foreign grants, Finance Minister Wagle is set to present a large-sized budget with an ambitious revenue collection target.

The committee had originally fixed the budget ceiling for fiscal year 2026-27 at Rs1.89 trillion. The ceiling was revised on Wednesday at the finance minister's request, raising it to around Rs2.15 trillion. Officials involved in the process said the final budget size is likely to be between Rs2.1 ...