June 25, 2021 | Investopaper
Pokhara Metropolitan City has announced the budget for the Fiscal Year 2078/79 BS. Manju Devi Gurung, deputy mayor of the metropolis, presented the estimated budget of Rs. 6.27 billion in the ninth municipal assembly of the metropolis on Thursday. This budget is slightly higher than the current year’s budget. The budget for the current fiscal year 2077/78 is Rs 6.19 billion.
Out of the total budget, Rs. 2.90 billion or 46.4 percent has been allocated for current expenditure and Rs. 3.36 billion or 53.6 percent for capital expenditure.
The sources for the budget include Rs. 2.22 billion from internal revenue, Rs. 2.56 billion from federal government financial transfer, Rs. 92.8 million from state government financial transfer, Rs 312.15 million from revenue distribution by federal government and Rs 61.87 million from revenue distribution by state government. The shortfall amount of Rs 1.03 billion will be taken from the accumulated reserve of the last and current fiscal year.
The budget emphasizes on the control and prevention of COVID crisis, continuation of risk allowance of frontline health workers, provision of various types of tax exemptions and relief to entrepreneurs affected by COVID.
Similarly, the budget has been allocated for feasibility study of Fast Track construction from Pokhara Regional International Airport to Begnas Lake and Airport to Lakeside, commencement of construction of Talchowk Begnas Road with World Bank assistance and others.