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Published On: June 16, 2024 11:00 AM NPT By: Republica

Bagmati Province govt brings budget of Rs 64.54 billion for FY 2024/25

Bagmati Province govt brings budget of Rs 64.54 billion for FY 2024/25

HETAUDA, June 16: The Bagmati Province Government has unveiled a budget of Rs 64.54 billion for the fiscal year 2024/025. 

Economic Affairs and Planning Minister of Bagmati Province Jagannath Thapaliya tabled the budget at the province assembly meeting on Saturday by allocating Rs 26.1 billion for current expenditure and Rs 36.93 billion for capital expenditure. The size of the budget in the province is more by Rs 1.83 billion compared to the budget of the current fiscal year. 

Minister Thapaliya stated that Rs 1.5 billion has been allocated for fiscal management. 

Minister Thapaliya has allocated 40.44 percent under the current expenditure, 55.23 percent for capital expenditure and 2.32 percent for fiscal management.

According to Minister Thapaliya, the upcoming fiscal year's budget has prioritized education, health care, agriculture and tourism sectors.

The province government's budget also announced to declare 'Skill Year' for the upcoming fiscal year.

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