Kathmandu Metropolitan City unveils budget of Rs 25.76 billion for upcoming FY

Kathmandu: The Kathmandu Metropolitan City has unveiled the new budget of Rs 25.76 billion for the upcoming fiscal year 2082/83.

The Deputy Mayor of Kathmandu Metropolitan City, Sunita Dangol, tabled the budget in the 17th convention of the municipal assembly on Sunday. Of the total budget of the metropolitan city for the new fiscal year, Rs 20.12 billion would be covered from the internal resources of the metropolitan city and bank deposits.

Likewise, almost Rs 5 billion would be received from the federal and provincial governments as the conditional and equalisation grants and revenue sharing.

As stated in the budget, the Kathmandu Metropolitan City would identify new taxpayers to make the revenue collection effective in the upcoming fiscal year, and coordination would be made by visiting the transaction site itself.

Similarly, the metropolitan city has announced the provision to providea  subsidy to the new taxpayers for joining the list of taxpayers by the end of the first six months of the upcoming fiscal year.

Furthermore, coordination will be made with the federal government to integrate the house rental tax into a one-door system.

RSS