Government announces budget of Rs 1647.57 billion for fiscal year 2021/22
May 30, 2021, 8:39 a.m.
Kathmandu, May 30. The government has released the budget of Rs 1647.57 billion for the fiscal year 2021/22. Releasing the budget for the upcoming fiscal year, Minister for Finance Bishnu Prasad Poudel allocated Rs 678.61 billion (41.2%) in recurrent expenditure, Rs 374.26 billion (22.7%) in capital expenditure and Rs 207.97 billion (12.6%) in financial management.
Likewise, Rs 386.71 billion has been allocated under the fiscal transfer to the Province and Local Levels. Under the fiscal transfer, Rs 325.74 billion has been allocated in the equalization grant while Rs 60.97 billion is for the capital expenditures.
Minister Poudel said that a total of Rs 1024.9 billion would be collected from the revenue and Rs 63.37 billion would be covered from foreign aid.
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