Government unveils Rs 1. 79 trillion budget for 2022/23

KATHMANDU: The government unveiled a budget of Rs 1, 793. 83 trillion for the fiscal year 2022/23 on Sunday.

According to Finance Minister Janardan Sharma, the government has allocated Rs 753 billion or 42 percent for recurrent expenditure, Rs 380. 38 billion or 21. 2 percent for capital expenditure and Rs 230. 22 billion or 112.8 percent financial provision.

Likewise, the government has allocated Rs 429. 83 or 24 percent for grants to sub-national governments.

The government will take Rs 1, 240. 11 billion or 69.1 percent from revenue and Rs 55. 46 billion or 3.1 percent from foreign grants to bear the source of estimated expenses.

Similarly, the government will take Rs 242. 26 billion or 13.5 percent loan from foreign loans and Rs 256 billion or 14.3 percent loans from domestic loans.