Madhesh Province government presents budget of Rs 46.88 billion

JANAKPURDHAM: Madhes Province government on Wednesday made public a budget of Rs 46.88 billion for the fiscal year 2022/23. Finance Minister Shailendra Prasad Sah tabled the government's estimated income and expenditure details in today's meeting of the provincial assembly. Accordingly, Rs 21.76 billion 67.95 million (46.44%) has been allocated for current expenditure, Rs 25.82 billion (53.21%) for capital expenditure and Rs 162.44 million (0.35%) for the conditional grant. In the budget, Rs 150 million has been allocated for the Chief Minister's Farmers Upliftment Programme in Madhes. For the development of the agriculture sector, Rs 5 million has been allocated for the preparation of provincial agriculture master plan and Rs 178.2 million for the commercialisation and mechanisation of this sector. A budget of RS 282 million has been allocated for livestock insurance and the construction of agricultural roads. A budget of Rs 72.8 million has been allocated for the Agriculture Knowledge Centre. Similarly, Rs 3.87 billion has been allocated for conditional and matching grants. This grant will be provided at the local level. The grant given to the local level will be according to the progress, said Finance Minister Sah. By RSS