Finance Minister Bishnu Prasad Paudel on Saturday presented a budget of Rs 1647.57 billion for fiscal year 2078/79, through ordinance, which is 12 percent bigger than that for the ongoing fiscal year.
Releasing the budget for the upcoming fiscal year, Minister for Finance Bishnu Prasad Poudel allocated Rs 678.61 billion (41.2%) in recurrent expenditure, Rs 374.26 billion (22.7%) in capital expenditure and Rs 207.97 billion (12.6%) in financial management.
Similarly, Rs 386.71 billion has been allocated under the fiscal transfer to the Province and Local Levels. Under the fiscal transfer, Rs 325.74 billion has been allocated in the equalization grant while Rs 60.97 billion is for the capital expenditures.