May 30, 2022 | Investopaper
Finance Minister Janardan Sharma has presented a budget of Rs 1.793 trillion (Rs. 17.93 Kharba) for the fiscal year 2079/80.
Out of the total budget, Rs 753.40 billion has been allocated for current expenditure, Rs 380.38 billion for capital expenditure and Rs. 230.22 billion for the financial management. Likewise, Rs. 429.83 billion has been allocated for the financial transfer to the state and local governments.
Thus, 42 percent has been allocated for current expenditure, 21.20 percent for capital expenditure and 12.8 percent for financial management. Similarly, 24 percent of the budget has been allocated for the financial transfer to the state and local governments.
For the coming fiscal year, government has targeted to raise Rs. 1,240 billion from revenue, and Rs. 55.46 billion from foreign grants.
Major Highlights of the Budget For Fiscal Year 2078/79
Total Budget: Rs 1.793 trillion
Current Expenditure: Rs 753.40 billion (42%)
Capital Expenditure: Rs 380.38 billion (21.20%)
Financial Management: Rs 230.22 billion (12.8%)
Financial Transfer: Rs. 429.83 billion (24%)
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