Budget of 1751.31 billion presented
May 30, 2023, 6:15 a.m.
Kathmandu, May 30. The government has tabled a budget of Rs 1751.31 billion for the financial year 2080/81. Out of the total allocation, Rs 1141.78 billion rupees or 65.20 percent is for current expenditure, 302 billion rupees i.e. 17.25 percent for capital expenditure, and 307.45 billion rupees for financial management, which is 17.55 percent.
This expenditure estimate is 2.37 percent less than that of current financial year and 16.37 percent more than the revised estimate. In the total allocation, Rs. 408 billion has been allocated as a financial transfer to the provincial and local levels.
Among the sources of expenditure estimated for the next financial year, Rs. 1248.62 billion will be met through revenue collection, and Rs. 49.94 billion from foreign grants, while there will be a shortfall of Rs. 452.75 billion. The net shortfall will be covered by foreign debt worth Rs. 212.75 billion and internal debt of Rs.240 billion.
It may be noted that the National Planning Commission had given a ceiling for the budget for the next financial year to Rs 1688 billion. Finance Minister Dr Mahat has tabled a budget that is Rs 63 billion more than the ceiling by the NPC. The budget is focused on building a digital and green economy, Mahat said while adding that he took the priorities of the appropriation bill as a suggestion to make the best use of available resources.
The budget addresses public expectations and the suggestions of the private sector. The government has prepared the budget for the financial year 2080-81 with the slogan of the second phase of economic reform and structural change of the economy.
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