Gandaki Province Govt. brings budget of Rs 31.98 billion

Gandaki, June 15: The Gandaki Province Government has brought a budget of Rs 31.98 billion for the fiscal year 2082/83 BS.

Economic Affairs Minister of Gandaki Province, Dr Takraj Gurung, tabled the budget in the province assembly on Sunday. Of the total budget, Rs 12.63 billion is for current expenditure while Rs 19.9 billion is fixed for capital expenditure. Likewise, Rs 250 million is allocated for fiscal management, Economic Affairs Minister Dr Gurung stated.

According to Minister Dr Gurung, Rs 7.73 billion would be received in fiscal equalization grants from the federal government, Rs 9.79 billion from revenue distribution and Rs 499 million from royalty distribution. Likewise, Rs 3.35 billion would be received in conditional grants, Rs 639 million in equalization grants, Rs 498 million in special grants and Rs 5.45 billion from internal revenue collection.

He said that the remaining Rs 1.75 billion would be covered by the internal loan. Minister Dr Gurung has allocated Rs 11.98 billion for the Ministry of Physical Infrastructure Development and Transport Management, Rs 2.8 billion for the Ministry of Agriculture and Land Management, and Rs 842 million for the Ministry of Industry and Tourism.

Dr Gurung has allocated Rs 1.15 billion for the Ministry of Forest and Environment; Rs 2.39 billion for the Ministry of Social Development, Youth and Sports, Rs 3.32 billion for the Ministry of Health and Rs 3.88 billion for the Ministry of Energy, Water Resource and Drinking Water. Minister Dr Gurung said that Rs 100 million has been arranged for the Province Disaster Management Fund.

He hoped that the upcoming fiscal year’s budget would ensure employment opportunities and income growth through sustainable economic growth; quality and modern infrastructure development; skilled and productive human capital development in technology, and good governance promotion through quality public service delivery.