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Nepal's 2081/82 Fiscal Year Budget

News 28 May 2024 8536 0

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Nepal's 2081/82 Fiscal Year Budget Overview

The government of Nepal has announced a budget of 18 trillion 60 billion 30 million rupees for the upcoming fiscal year 2081/82. Finance Minister Barshman Pun presented this budget in a joint session of the Parliament. This represents a 6.2% increase from the current fiscal year and a 21.56% increase from the revised budget. The previous year's budget was 17 trillion 51 billion 31 million rupees.

Key Allocations

  1. Current Budget Allocation:

    • Total: 11 trillion 40 billion 66 million rupees
    • Percentage of Total Budget: 61.31%
  2. Capital Expenditure:

    • Total: 3 billion 52 billion 35 million rupees
    • Percentage of Total Budget: 18.94%
  3. Financial System Allocation:

    • Total: 3 trillion 67 billion 18 million rupees
    • Percentage of Total Budget: 19.74%

Transfers to State and Local Levels

The government will transfer 4 trillion 8 billion 27 million rupees to state and local levels, consistent with the previous year’s transfer amount.

Revenue Collection Targets

  1. Total Revenue Target:

    • Amount: 12 trillion 60 billion 30 crores
    • Previous Year’s Target: 12 trillion 48 billion 62 crores
  2. Internal Loans:

    • Target: 3 trillion 30 billion rupees
  3. Foreign Loans:

    • Target: 2 trillion 17 billion 67 crores
  4. Foreign Grants:

    • Target: 52 billion 33 crores

Conclusion

This budget reflects the government's commitment to increasing investment in various sectors, ensuring financial stability, and supporting local levels. The focus on revenue generation through both domestic and foreign sources aims to sustain the nation's economic growth and development.

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