Kathmandu, May 30. The government has brought the new budget of Rs 1793.83 billion for the fiscal year 2022/023. Releasing the annual budget in today’s meeting of the Federal Parliament, Finance Minister Janardan Sharma said Rs 753.4 billion (42%) has been allocated for the current expenditure and Rs 380.38 billion (21.2%) for the capital expenditure. Likewise, Rs 230.22 billion (12.8%) has been allocated for the fiscal management as announced by the Finance Minister.
A total of Rs 429.83 billion (24%) is arranged for fiscal grant handover to the provincial and local governments. According to the Finance Minister, Rs 1240.11 billion would be collected from revenue collection while Rs 55.46 billion is projected to be received from foreign grant assistance.
Likewise, Rs 242.26 billion would be collected from foreign loan and Rs 256 billion would be managed from the domestic debt. For the current fiscal year, the government had announced the budget of Rs 1647.57 billion.