The Government has announced budget of Rs 1.96411 trillion for the fiscal year 2082/83, with the intent to facilitate economic resurgence and advancement through an equitable distribution of funds.
While unveiling the budget at the Federal Parliament, Finance Minister Bishnu Prasad Paudel disclosed that Rs 1.180 trillion has been designated for ongoing expenses, whereas Rs 407 billion has been allocated for capital investments. Furthermore, Rs 375.24 billion has been reserved for financial management, which includes servicing public debt.
To fund the outlined expenditures, the government plans to raise Rs 1.315 trillion via tax revenue. The remaining shortfall is anticipated to be covered through both domestic and international borrowing, alongside external grants.
The allocation of funding sources is detailed as follows:
Tax Revenue: Rs 13.15 Kharba
Overseas Loans: Rs 2.33 Kharba
Domestic Loans: Rs 3.62 Kharba
International Grants (Aid): Rs 53.45 Arba
The budget highlights the administration’s emphasis on infrastructure enhancement, welfare programs, energy, agriculture, and reforms in the financial sector, while also stressing the importance of fiscal responsibility and enhanced service provision.
