JANAKPURDHAM, June 16: The Madhesh Provincial Government has made public a budget of Rs. 46.88 billion for the coming Fiscal Year 2022/23.
Finance Minister Shailendra Prasad Sah of the province tabled the government's estimated income and expenditure details in the meeting of the provincial assembly on Wednesday. Accordingly, 21.76 billion (46.44 percent) has been allocated for current expenditure, Rs. 25.82 billion (53.21 percent) for capital expenditure and Rs. 162.44 million (0.35 percent) for conditional grants.
In the budget, Rs. 150 million has been allocated for the Chief Minister's Farmers Upliftment Program in Madhesh.
For the development of the agriculture sector, Rs 5 million has been allocated for the preparation of provincial agriculture master plan and Rs 178.2 million for the commercialization and mechanization of this sector. A budget of Rs. 282 million has been allocated for livestock insurance and construction of agricultural roads. A budget of Rs 72.8 million has been allocated for the Agriculture Knowledge Center.
Similarly, Rs 3.87 billion has been allocated for conditional and matching grants. “This grant will be provided to the local governments. The grant given to the local units in the current fiscal year will be given according to the progress,” said Finance Minister Sah.