Gandaki State Unveils a Budget of Rs. 33 Billion for FY 2081/82
June 16, 2024 | Investopaper
The Gandaki Province government has announced a budget of approximately Rs. 33 billion for the upcoming fiscal year. Economic Affairs Minister Dr. Tak Raj Gurung presented a budget of Rs. 32.98 billion for the fiscal year 2081/82. This is Rs. 447 million less than the current fiscal year’s budget of Rs. 33.43 billion.
For the upcoming year, Rs. 13.16 billion (39.91 percent) is allocated for current expenditures, Rs. 19.52 billion (59.19 percent) for capital expenditures, and Rs. 30 million (0.09 percent) for financial management.
The revenue sources for the budget include Rs. 7.64 billion from financial equalization grants from the federal government, Rs. 9.61 billion from revenue sharing, Rs. 1.19 billion from complementary grants, Rs. 481 million from royalties, Rs. 656 million from special grants, and Rs. 5.17 billion from internal revenue. Additionally, Rs. 2.94 billion is expected from cash reserves of the current fiscal year.
The Gandaki Province has proposed a deficit budget of Rs. 1.7 billion, which will be covered through internal borrowing.
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