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Budget endorsed with majority

Kathmandu, 25June:  The budget for the fiscal year 2076/77 has been endorsed by the House of Representatives (HoR). It has been endorsed with majority.

The Government had presented a budget of Rs 1.532 trillion for the fiscal year 2076/77 on May 29.According to it,  Rs 957.10 billion (62%) for recurrent expenditure, Rs 408.59 billion (26.6%) for capital expenditure, and Rs 167.85 billion (11%) for debt financing.

The budget plans to generate Rs 981.13 billion through revenues, Rs 57.99 billion through foreign grant and generate the remaining amount through foreign loans and domestic borrowing.

People’s News Monitoring Service

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