Kathmandu. The Ministry of Finance has released the budget for the current fiscal year through the ‘Citizen Budget’ booklet so that the general public can easily understand. Finance Minister Dr. Swarnim Wagle has prepared this booklet to explain the annual budget and programs of Rs 2124.34 billion in a simple and concise manner.
The booklet contains the main priorities of the budget, tax provisions, development goals and fiscal discipline in a language that can be easily understood by the general public. Wagle said that the budget has been brought with the goal of building a productive and technology-friendly economy by ensuring transparency, good governance and accountability.
According to the Citizen’s Budget Handbook, the total budget has been divided into three main headings. It has been divided into three main parts. The current expenditure includes Rs 1,270.58 billion for regular operations and service delivery, Rs 431.11 billion for infrastructure development and construction in capital expenditure, and Rs 422.65 billion for payment of principal and interest of loans and equity investment.
Similarly, the budget has a target of collecting Rs 1405.32 billion from revenue. Of the remaining amount, Rs 61.74 billion will be collected from foreign grants, Rs 410 billion from internal loans and Rs 247.28 billion from foreign loans.
According to the Ministry, the issues in the civic budget have been clarified in point with the objective of transparently reaching the citizens’ level in the budget allocation process, revenue collection, utilization of grants and loans, among others.
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