Karnali unveils annual budget of Rs 32.61 billion

Published On: June 16, 2022 11:10 AM NPT By: Republica  | @RepublicaNepal

KARNALI, June 16: The Karnali Provincial government has presented a budget of Rs 32.61 billion for upcoming fiscal year 2022/23. Provincial Minister for Economic Affairs and Planning, Binda Man Bista presented an annual budget with estimated income and expenditure for the upcoming fiscal year in the third meeting of the 10th session of the Provincial Assembly.

Minister Bista said the provincial government has appropriated around Rs 9.17 billion (28.11 percent) on recurrent expenditure and Rs 19.43 billion (59.58 percent) on capital expenditure in the budget to be spent by the provincial government to implement the policies and programs proposed for the upcoming fiscal year. 

The estimated revenue for the coming fiscal year includes Rs 712.9 million from inland revenue, over Rs 4.55 billion as estimated surplus amount carried over from current fiscal year, Rs 9.02 billion to be received as revenue from federal government, Rs 10.72 billion to be received as fiscal equalization grant and Rs 5.69 billion to be received as conditional grant. 

The provincial government will mobilize a matching grant of over Rs 1.21 billion and a special grant of Rs 668 million to be received from the federal government for the fiscal year.



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