Kathmandu, May 28: The government has unveiled a sum of Rs. 1,860 billion as the annual budget for upcoming fiscal year of 2081/82 BS.
Of the total budget, Rs. 1140 billion will be spent on recurrent expenses, Rs. 352 billion on capital expenditure while Rs. 367 billion on financial expenditure.
To cover the expenses, the government has expected to collect Rs. 1260 billion as revenue and mobilise Rs. 52 billion as foreign grants. Over Rs. 200 billion will be taken foreign loan and over Rs. 300 billion as internal loan to meet the gap.
6 per cent growth
The government has estimated 6 per cent economic growth. The inflation is estimated to be 5.5 per cent
The government has allocated Rs. 567 billion for the local and provincial levels as grants and revenue shares.
The government has announced that the next financial year will be implemented as ‘Year for Investment in Women’.
It may be noted that International Women’s Day this year was observed under the slogan, “Invest in women: Accelerate progress”.
The government is celebrating the ‘Year for Investment in Women ‘ as a campaign against violence against women. ‘Koseli Ghar’ or gift stores with local products will also be established to promote women entrepreneurs, the finance minister said.
Meanwhile, the government has allocated 100 million rupees for the ‘Prime Minister’s Daughter Programme’. The ‘Yuwa Mahila Rashtriya Mahila’ program will continue from the previous year. An amount of Rs. 1.6 billion has been allocated to the Ministry of Women, Children and Senior Citizens.
According to the budget statement, a sales centre will be established in Chobhar for the commercial promotion of products produced by women, the President’s Women Upliftment Program will help rescue pregnant women and new mothers from remote areas will be continued, the President’s Entrepreneurship Award will be announced for women’s empowerment and women’s participation in sports will be increased.
-TRN Online
