By Our Reporter
Almost local levels, including six metropolitan cities, have unveiled their budget for the upcoming fiscal year 2024/25.bConstitutionally, it is mandatory for all the local levels to present their budget estimates by Asar 10 every year.
Of the budget of around Rs. 53.6 billion presented by the six metropolises, the size of the budget of the Kathmandu Metropolitan City is the largest while Birgunj has the smallest one.
Kathmandu Metropolitan City (KMC) has unveiled a budget of Rs. 25.70 billion for the next fiscal year 2024/25.
Deputy Mayor of Kathmandu Metropolitan City Sunita Dangol presented the income and expenditure estimates for the next fiscal year 2024/25 at the 15th municipal assembly on Monday.
The new budget has focused on infrastructure development, job creation, provision of quality and healthy goods and heritage conservation.
The new budget is about Rs. 1.62 billion more than the current fiscal year’s budget. The metropolis had presented a budget of Rs. 24.08 billion for the current fiscal year.
Likewise, Pokhara Metropolitan City has unveiled a budget of Rs. 7.51 billion for the fiscal year 2024/25.
The metropolis has allocated a budget of around Rs. 15 million for the promotion of tourism of the City. By declaring 2025 as the Pokhara Visit Year, the metropolis aims to bring about 1.5 million tourists.
Likewise, Lalitpur Metropolitan City has presented a budget of Rs. 7.46 billion for the fiscal year 2024/25.
Deputy Mayor of the Lalitpur Metropolitan City (LMC) Manjali Shakya Bajracharya presented the new budget on Monday giving priority to institutional development and good governance, sustainable infrastructure, preservation of arts, culture and heritage and tourism promotion, ensuring fundamental health services for citizens, and quality education with employment opportunities, among others.
The budget of the metropolis for the next fiscal year is 15 per cent more than the current fiscal year’s budget. The metropolis had unveiled a budget of Rs. 6.50 billion for the current fiscal year 2023/24.
Similarly, Bharatpur Metropolitan City, Chitwan, has presented a budget of Rs. 6.55 billion for the upcoming fiscal year 2024/25, giving priority to making self-reliant city, increasing access of citizens to quality education and health, creation of productive jobs, sustainable and environment-friendly infrastructure through production growth.
The budget presented for the next fiscal year is Rs. 70 million higher than the budget of the current fiscal year. Bharatpur Metropolitan City had presented a budget of Rs. 6.48 billion for the current fiscal year 2023/24.
Meanwhile, Biratnagar Metropolitan City has presented a budget of Rs. 3.49 billion for the next fiscal year 2024/25.
Deputy Mayor of the Biratnagar Metropolitan City Shilpa Nirala Karki presented the estimated budget along with the policies and programmes for the next fiscal year at the 14th Municipal Assembly held on Monday.
The size of the budget of the metropolitan city for the next fiscal year is higher than the budget size of the current fiscal year 2023/24. The metropolitan city had presented a budget of Rs. 3.28 billion for the current fiscal year.
Similarly, Birgunj Metropolitan City presented a budget of Rs. 2.89 billion on Saturday.
The size of the budget is smaller by Rs. 320 million than that of the current fiscal year.
The metropolis had brought a budget of Rs. 3.21 billion for the current fiscal year 2023/24.
The metropolis has allocated a budget of Rs. 2.04 billion (70.7 per cent) for recurrent expenditure and Rs. 811 million (28.1 per cent) for capital expenditure.
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