Rs 42.12 billion budget presented in State-1
June 16, 2019, 9:38 p.m.
Biratnagar, June 16 . Minister for Economic Affairs and Planning of State-1, Indra Bahadur Angbo has presented a budget of Rs 42.12 billion for coming fiscal year 2019/20 in state assembly on Sunday.
Out of the total amount of the budget, the recurrent expenditure of the State-1 government for the upcoming fiscal year will be Rs 18.54 billion while the capital expenditure will be Rs 23.57 billion.
Similarly, Rs 80 million has been allocated towards fiscal management. On the occasion, Minister Angbo said that Rs 999 million has been allocated for inter-governmental financial handover.
He said that Rs 3.86 billion will be collected from internal resources, Rs 10.52 billion from revenue collection and Rs 21.21 billion from grants to meet the budget requirements.
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