June 26, 2025
The move will leave banks dependent on the 7-day repo
Media reports say the government is likely to present a 17.6 trillion rupee budget, down 6.7 percent from this fiscal year
It says VAT hikes, tax burden and shrinking export incentives could cripple key sectors
"The government's top priority is to control inflation. Until it is brought under control, the contractionary monetary and fiscal policies will continue."
The country's economy has been devastated by a 14-year civil war
This includes $1.3 billion under the fourth and fifth tranches of the IMF loan and around $2 billion in budget assistance from other development partners
The global lender wants conditions met to release the fourth and fifth tranches together
The development fund provider seeks the involvement of the private sector in this year's budget, it says
