The government has revised the budget for the current fiscal year 078/079.
Modifying the budget number brought by the budget ordinance, the government has brought a budget replacement bill of Rs. 1,632.83 billion.
Finance Minister Janardan Sharma has reduced the debt target by Rs 37 billion through the budget.
Finance Minister Janardan Sharma has reduced the debt target by Rs 37 billion through the budget. Out of the total allocation, Rs. 677.19 billion or 41.42 percent is spent on the current side and Rs. 378.10 billion or 23.16 percent on the capital side. Finance Minister Sharma said that Rs. 189.44 billion or 11.60 percent is for financial management and Rs. 387.30 billion or 23.72 percent is for local transfers at the state and local levels. Out of the budget allocated for financial transfers, Rs. Out of the estimated sources of expenditure for the current fiscal year, Rs. 1,050.82 billion will come from revenue and Rs. 59.92 billion from foreign grants.
Expenditure allocated for current capital and financial transfers will be Rs. 522.09 billion less than that of revenue and foreign grants. It is mentioned that Rs. 283.09 billion will be recovered from foreign debt and Rs. 239 billion from domestic debt out of the total amount that will be less in the total allocation when the amount allocated for financial management is included. The share of domestic debt and foreign debt has been reduced by about Rs. 37 billion and the current account has been reduced by 10 percent