Nepal’s Finance Minister Barsha Man Pun presented the government’s budget for the upcoming fiscal year 2024/25 on Tuesday. The total budget allocation stands at Rs 1.860 trillion, exceeding the Rs 1.8 trillion ceiling recommended by the National Planning Commission.
Budget Breakdown:
- Recurrent Expenditure: Rs 1.14066 trillion (61.31%)
- Capital Expenditure: Rs 352.35 billion (18.94%)
- Financial Management: Rs 367.18 billion (19.75%)
It’s important to note that due to rounding, the percentage sum may not equal exactly 100.
This announcement marks the government’s spending plans for the coming fiscal year, outlining how they will allocate resources across various sectors and programs. Further details regarding specific budgetary allocations can be viewed online on the Official website.