Kathmandu Metropolis releases 15.50 billion budget

Published On: June 25, 2019 09:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 25: The Kathmandu Metropolis has made public the budget of Rs 15.50 billion for the coming fiscal year. Deputy Mayor Hariprabha Khadgi Shrestha presented the budget in the fifth convention of the Metropolis' Council on Tuesday.

The budget for the coming fiscal year is an increase by 19 percent as compared to the current fiscal year. The Metropolis has aimed at raising Rs 7.56 billion as its internal source, which is 52.58 percent of the total budget. Under the expenditure of the budget, Rs 1.55 billion is allocated for capital expenditure. For the education sectors, Rs 1.34 billion has been allocated, while Rs 1.52 billion for social development, Rs 123 million for the public health sector. Similarly, Rs 50.4 million has been allocated for the Prime Minister Employment Programme.

A 'Mayor Ujjyalo' program would be launched for maintaining lights on the major intersection of the valley roads. Some major activities planned for the coming year by this budget are- flyover, overhead bridges, construction of Metropolis Elderly Citizen Hospital, modernization of Balaju Garden, production of energy from the waste collected in the Metropolis, cleaning of rivers.

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