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Kathmandu. The Madhes Province government has presented a budget of Rs 41.13 billion for the coming fiscal year 2083/084. Finance Minister Yubaraj Bhattarai presented the annual estimates of revenue and expenditure in the provincial assembly on Monday.
The Madhes Province government had presented a budget of Rs 46.
58 billion for the fiscal year 2082/83. The budget presented for the coming fiscal year is about 13 percent less than the previous year. The government has said that the size of the budget has been reduced keeping in mind the resource constraints and expenditure management.
Of the total budget, Rs
14.66 billion or 35.64 per cent has been allocated for recurrent expenditure and Rs 26.47 billion or 64.36 per cent for capital expenditure. The state government has increased the share of capital expenditure, prioritizing development, construction and infrastructure expansion.
According to Finance Minister Bhattarai, it is estimated that Rs 11.22 billion will be collected from internal revenue for the management of resources required for the implementation of the budget.
Similarly, Rs 12.83 billion will be mobilized from revenue allocation, Rs 9.49 billion from financial equalization grant and Rs 6.08 billion from cash reserves of the last fiscal.
The state government has prioritized production growth, infrastructure development, modernization of agriculture sector, expansion of health services and social security in the budget for the coming fiscal year.
The government believes that the budget will help expand economic activities, create employment opportunities and contribute to the overall development of the province.
प्रतिक्रिया दिनुहोस्