Karnali Province government presents budget of Rs 32.61 billion

KARNALI: Karnali Province government has presented a budget of Rs 32.61 billion for the fiscal year 2022/23. Province Minister for Economic Affairs and Planning Bindaman Bista presented the annual budget with estimated income and expenditure for the upcoming fiscal year in the third meeting of the 10th session of Province Assembly. Minister Bista said the provincial government has appropriated around Rs 9.17 billion (28.11%) on recurrent expenditure and Rs 19.43 billion (59.58%) on capital expenditure in the budget to be spent by the provincial government to implement the policy and programmes proposed for the upcoming fiscal year. The estimated revenue for the fiscal year 2022/23 includes Rs 712.9 million from inland revenue, more than Rs 4.55 billion as estimated surplus amount carried over from the current fiscal year, Rs 9.02 billion to be received as revenue from the federal government, Rs 10.72 billion to be received as fiscal equalisation grant and Rs 5.69 billion to be received as a conditional grant. The province government will mobilise a matching grant of over Rs 1.21 billion and special grant of Rs 668 million to be received from the federal government for the fiscal year 2022/23. By RSS