Koshi Province Assembly Passes Budget of NPR 40.44 Billion for Fiscal Year 2083/84
Biratnagar. The estimated budget of NPR 40.44 billion for the upcoming fiscal year 2083/84 brought by the Koshi Province government has been passed by the Provincial Assembly.
In the passed budget, out of the total allocated, NPR 13.97 billion has been allocated for current expenditure, NPR 20.75 billion for capital expenditure, NPR 150 million for financial management, and NPR 5.56 billion for financial transfer.
In terms of expenditure sources, it is estimated that NPR 5.50 billion will be collected from internal revenue, NPR 12.87 billion from revenue sharing, and NPR 9.12 billion from equalization grants received from the federal government.
In addition, NPR 5.95 billion from conditional grants, NPR 640 million from complementary grants, NPR 550 million from special grants, NPR 410 million from royalty, and NPR 200 million from direct payment will be mobilized as sources, while the remaining deficit of NPR 5 billion will be covered from cash reserves, as mentioned in the budget statement.
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