Budget Of Nepal | Fiscal Year 2075/2076
DR Gurung
Download in PDF | Budget Of Nepal 2075/2076 [2018/2019]
⃝ Current expenses (cost of running the government) = Rs 845 billion
⃝ Internal Resources (ambitious estimate of government's earned income) = Rs 831 billion, doesn't even cover current expenses!
⃝ Capital spending ("development") = Rs 314 billion, funded by Rs 59 billion in subsidy plus foreign and domestic loans.
⃝ Financial management spending (repayment of old loans, etc) = Rs 156 billion, funded mainly by new loans.
⃝ Planned external borrowing (which increases indebtedness) = Rs 253 billion
⃝ Planned internal borrowing (which increases interest rates and results in inflation) = Rs 172 billion
Sector-wise Budget allocation:
⃝ Health: Rs 56.41 billionThe budget for fiscal year 2075/76 [2018/2019] is Nepal's first budget after the country was reformed into federal states. Budget of Nepal was presented/unveiled by Finance Minister & Economist Dr. Yuba Raj Khatiwada, in the joint meeting of the Parliament as per the constitution of Nepal which mandates the government to unveil the budget in the joint meeting of federal parliaments.
⃝ Education, Science and Technology: Rs 134 billion
⃝ Agriculture: Rs 33.71 billion
⃝ Tourism: Rs 5.20 billion
⃝ Energy: Rs 83.89 billion
ᐅ Highlights of the budget allocated for few sectors:
ᐅ The government has set a target to develop tourism-friendly infrastructures programmes with an objective of attracting two million tourists within 2020. The budget mentioned to promote domestic tourism adopting the policy, 'Visit country first, then abroad'.
ᐅ The budget has also made necessary arrangement to run tourism business round the year, attracting the tourists from neighbouring countries India and China. Nepal Academy of Tourists and Hotel Management would be developed as Tourism University and necessary process in this regard forwarded for the same. ᐅ Budget sets the ambitious target of 8% of economic growth rate this year. ᐅ The budget also set a target to make mountaineering safer and systematic and the government has allocated Rs 5.20 billion for the development and promotion of tourism sector. Similarly, the government has allocated Rs 19.35 billion for the development of aviation sector. Initiating construction of Nijgadh Airport, starting the service after concluding the construction works of under construction Gautam Buddha Airport and Pokhara Regional Airport are other priorities. Likewise, the budget has aimed at upgrading Tribhuvan International Airport and Domestic Airports. ᐅ The budget also mentioned that national identity card distribution programme would be extended in additional 15 districts in coming fiscal year 2018/19 as per the policy to distribute national ID cards to all people within five years. ᐅ Likewise, an environment conducive for development and prosperity would be created by making people realize the safety and security, maintaining effective peace and security as well as law and order in the country. ᐅ Nepal Army, Nepal Police and Armed Police Force would be made modernized and professional by building capacity, while NA's propgramme 'Bunker to barrack' would be continued. ᐅ Similarly, daily subsistence allowance given to prisoners has been increased to Rs 60 from Rs 45. The milk allowance provided to children of prisoners has also been increased to Rs 35 from Rs 10. ᐅ The budget has laid emphasis on completing the construction of fast track, mid-hill highway and postal highway. Rs 500 million has been appropriated for the construction of roads through Chure and interior Madesh. Likewise, Kimathanka-Rani road section and Rasuwagadhi-Galchhi-Thori road section are to be completed. ᐅ The under construction Kaligandaki corridor is to be expanded to southern border at Triveni from northern border Korala. Similarly, budget has been allocated for the construction and up-gradation of Seti Highway, Gamgadi Nagma, Simikot Hilsa and and Dunai Marimlapas road section, expansion of Karnali Highway linking northern border via Dolpa, Mugu and Humla. ᐅ The government has earmarked a budget of Rs 3.53 billion for Terai-Madhes Infrastructure Special Programme in the southern area laggard from the infrastructure development perspective. ᐅ The construction of a tunnel expressway will begin this year on the Thankot-Naubise road section along Prithvi Highway. The government has also announced the construction of Tokha-Khahare-Ghurjubhanjyang tunnel way. Budget has been allocated for importing necessary technology for the tunnel construction. ᐅ The budget has also massively allocated the funds in the information and communication sector this year too. The most remarkable point in the budget 2075/76 is information tech-friendly education and to provide free broadband internet in all schools. |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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| Nepal Budget Fiscal Year 2075/76 [2018/2019] |
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DR Gurung
A Learner
(अज्ञान जस्तो ठूलो शत्रु अरु केही छैन।) ����
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