Kathmandu, July 14: The government has unveiled a budget of Rs 819.46 billion for the Fiscal Year 2015/016.
Minister for Finance Dr Ram Sharan Mahat in the budget speech mentioned that of the total budget, Rs 484.26 was allocated for the current expenditure and Rs 208.87 billion for the capital expenditure. Similarly, for the financial management, Rs 126.32 billion has been allocated.
The expenditure estimates for the upcoming Fiscal Year is more by 32 percent while revised estimate is more by 56.8 percent compared to the current Fiscal Year.
Among the sources to bear the expenses for the coming Fiscal Year, the revenue will bear Rs 475 billion, while repayment of debt principal Rs 200 billion, foreign grants Rs 110.92 billion. But, there will be the deficit of Rs 231 billion.
In order to address the deficit budget, Rs 88 billion will be generated from the internal loan, and Rs 48. 56 billion from the cash reserve. RSS
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