The budget estimation for 2083/84 has been announced by the Government. The key highlights of the budget are mentioned below. As regular, the budget fails to minimize the recurrent expenditure with stress on sources.
There is a need of Reforms to reduce Nepal's current government expenditure! but again the government fails.
Nepal's current government and parliamentary structure appear to be quite expensive and extensive. To align with the spirit of the constitution and to strengthen federalism while maximizing efficiency, some adjustments to the central government and parliament seem essential so a special department/committe to restructure the size of federal government and cut off the expenditure rapidly.
Total Budget: Rs 2.12 trillion (Rs 2,124.34 billion)
Expenditure Breakdown
Current expenditure: Rs 1.27 trillion (59.8 percent)
Capital expenditure: Rs 431.1 billion (20.3 percent)
Financial management: Rs 422.24 billion (19.9 percent)
Revenue and Financing Sources
Revenue: Rs 1.4 trillion revenue,
Foreign grants: Rs 61.74 billion
External loans: Rs 247 billion
Domestic borrowing: Rs 410 billion from
Fiscal Transfers to Provincial and Local Governments
Equalisation grants:
Provincial: Rs 61.5 billion
Local levels: Rs 90.2 billion
Supplementary grants:
Provincial: Rs 4.6 billion
Local levels: Rs 8.93 billion
Special grants
Provincial: Rs 3.82 billion
Local levels: Rs 9.40 billion
Conditional grants:
Provincial:49.72 billion
Local levels: Rs 206.8 billion
No comments:
Post a Comment