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KATHMANDU, June 2: The government has allocated a total budget of Rs 417 billion for provinces and local levels for the upcoming Fiscal Year (FY) 2025/26. This budget includes financial transfers under headings such as equalization grants, conditional grants, special grants, and supplementary (capital) grants.
Of the total amount, Rs 97.56 billion has been allocated to the provinces, while Rs 320.26 billion has been designated for local governments. Similarly, the government has allocated Rs 11.74 billion to metropolitan cities, Rs 11.38 billion to sub-metropolitan cities, Rs 143.10 billion to municipalities, and Rs 154 billion to rural municipalities.
Preparation of DPR for 417 MW Nalgad Hydropower Project complet...
The amount allocated by the government to provinces and local levels under the financial transfer heading can be spent under equalization grants, which include minimum grants, formula-based grants, and performance-based grants. Conditional grants cover both recurrent and capital expenditures, while special grants also include both recurrent and capital components. Supplementary grants are solely capital in nature.
