The Nepal government has allocated 17 trillion 51 billion 310 million rupees as the budget for the fiscal year 2023/24.
Of which, 11 trillion 41 billion 780 million rupees or 65.20 percent of the total budget is the recurrent budget (expenditure).
Similarly, 17.25 percent of the total budget, i.e., 3 trillion 2 billion 70 million rupees and 3 trillion 7 billion 450 million rupees allocated for financial management is the capital budget (expenditure).
Similarly, 4 trillion 80 million rupees is allocated for the provincial and local levels.
Rs 12 trillion 48 billion 620 million is expected to be generated through revenue mobilization to meet the expenses for the next fiscal year.
Even if 49 billion 940 million rupees is generated through foreign grants, there will a budget deficit by less than 4 trillion 52 billion 750 million rupees.
Finance Minister Dr. Prakash Sharan Mahat said Rs 2 trillion 12 billion 650 million rupees will be collected through foreign loans to meet this deficit.
The deficit of 2 trillion 40 billion rupees which will not be met through revenue mobilization and mobilization of foreign grants and loan assistance will be covered through internal debt.
For the fiscal year 2023/24, the government on Monday made public a budget of 17 trillion 93 billion 830 million rupees.
