1.47 trillion budget Nepal in 2077/78
1.47 trillion budget Nepal in 2077/78 The government has brought a budget of Rs. 1,474.64 billion for the coming fiscal year with the target of 7 per cent economic growth, giving top priority to epidemic prevention, health infrastructure development and economic recovery. Since yesterday may 28, 2020 they have announced the budget to all sector.
They have a target on the economic sector due to the lockdown effect while it really goes down on it. Finance Minister Yubaraj Khatiwada presented the budget at a joint meeting of the House of Representatives and the National Assembly today, allocating Rs 948 billion for current expenditure and Rs 352 billion for development. The budget is Rs. 88 billion more than the revised budget of the current fiscal year.
The government aims to collect Rs. 889 billion in revenue for the implementation of the provisions made in the budget and to borrow Rs. 299 billion out of the insufficient amount. The finance minister has said that Rs 225 billion will be borrowed from within the country.
The budget for the agriculture sector has been increased by Rs 6 billion to Rs 40 billion. But many of the programs proposed by the agriculture minister have been left out of the budget.
Similarly, the budget for education and science and technology sector has been increased by Rs 9 billion to Rs 172 billion. Lunch has been made nationwide to increase the enrollment rate of students at the primary level and to curb the trend of dropping out of classes.
However, the budget for this program has been reduced from Rs 60 million to Rs 40 million. Similarly, the budget for education and science and technology sector has been increased by Rs 9 billion to Rs 172 billion. The budget of the Ministry of Physical Infrastructure has been reduced by Rs 25 billion from the current fiscal year.
This is the main focus for budget announce that sector to follow up. If they have improved this budget record to formal people who want to need this budget to clear to the audience to share this. If the people will be happy under this budget then if you will be satisfied with the people voice. Some of political they have also be pointed out to share with them.
All of the sector factors will be give provide a service to budget to all people as equal level also too. Hope you will be happy to under this budget announce of 2077/78 B.S. which government will help it out it. I like such part of the health sector and agriculture production those who have to get the chance to this budget on them.
Some of the point I listened to it out this budget for official social media side which long process budget announce with them. Some of satisfied and some of were unsatisfied on it.
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