Tourism and Aviation in Nepal Budget 2077/88 show some hope for the industry. It has set uplifting tourism and aviation, which have been hardest hit by Covid-19 pandemic, as one of the objectives.
Among others, the budget continues allocation of resources for soon-to-be completing aviation projects, such as Gautam Buddha International Airport and Pokhara International Airport. On the other hand, internal tourism has been considered an important element in the tourism section of the budget.
In the context of the dire need for providing guardianship to the industry, the budget has made some important industry support provisions as follows:
- 5% interest bearing NPR 50 billion loans through Nepal Rastra Bank for the tourism industry for operating cost and salary payments,
- 25% wages as a relief to the otherwise unaddressed workforce,
- 5% interest bearing NPR 100 billion loans for tourism and other industries hit by Covid-19 pandemic,
- social welfare fund contribution to be borne by the government for the lockdown period and borrowing from the fund possible for the private sector,
- Waivers on aircraft parking, AOC renewal charges, C of A charges, infrastructure tax on aviation fuel.
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