KATHMANDU, June 15: Bagmati Province has unveiled a budget of Rs 67.93 billion for the upcoming fiscal year 2026/27, prioritizing development, good governance, employment generation, and the expansion of digital services.
Presenting the budget at the Provincial Assembly on Monday, Minister for Economic Affairs and Planning Prabhat Tamang allocated Rs 22.96 billion for recurrent expenditure and Rs 43.97 billion for capital expenditure.
The budget will be financed through tax revenue, federal fiscal transfers, savings from the current fiscal year, and returns from loan investments.
What is missing in budget for agriculture?
The provincial government has allocated Rs 6.51 billion for local governments and set aside Rs 200 million to construct safe housing for 1,000 extremely poor families.
Under the infrastructure sector, the government has adopted a “repair first, construction later” policy, allocating Rs 740 million for road maintenance, Rs 7 billion for provincial pride road projects, and Rs 2 billion for drinking water projects.
In the health sector, the Chief Minister’s Public Health Programme will continue, while Rs 512.8 million has been allocated to operate MBBS and other technical education programmes at Madan Bhandari Academy of Health Sciences.
For digital services, the budget includes plans to develop a crime monitoring system through CCTV cameras in public areas, provide transport-related services online, and manage vehicle licence printing and distribution at the provincial level.
The province has also announced plans to conduct a feasibility study for a metro rail system in Kathmandu Valley in coordination with the federal government to address increasing urban pressure.
Additionally, the provincial government has declared the upcoming fiscal year as the “Year of Legislative Drafting,” aiming to strengthen legal and policy frameworks.
