Kathmandu - Nepal's Maoist-led government presented its first annual budget since abolishing the monarchy on Friday, focused mainly on infrastructure building and social development.
Finance Minister Babu Ram Bhattarai, who is the second highest- ranking Maoist leader, delivered a 236-billion-rupee ( about 3.2 billion dollars) budget, which was widely interpreted as being populist in nature.
"The government has given priority to education, employment generation, health and judicious distribution of economic gains to remove economic inequality," Finance Minister Bhattarai said.