Govt to unveil Rs.126 billion plus budget


KOL Report

KATHMANDU, July 15 - The government is announcing an annual budget of over Rs.126 billion for the year 2062/63 B.S. on Saturday.
This year's budget will see a 22 percent increase in security expenditure and 12 percent increase in the Royal Palace budget as compared to the last, reported Kantipur daily on Friday.

Rs.19 billion will be allocated to security expenditure, out of which the Defense Ministry will receive Rs.10.5 billion?an increase of 31 percent compared to last year?s allocation. The rest will go to the Home Ministry, according to reports.

The budget for the Royal Palace expenditure will be Rs.370 million. This figure last year was Rs.330 million.

A total of Rs.600 million will be allotted for holding municipal elections.

On the development side, over Rs.700 million will be allotted in the conflict-affected areas, the daily said. The amount will be spent in relief programs including reconstruction and rehabilitation in 40 districts that are worst affected by the insurgency.

The budget for the development of Karnali zone will be doubled to Rs.1.3 billion in the upcoming budget. The most underdeveloped zone of the country, it received a Rs.650 million budget last year.

In order to meet the expenses, the government has targeted to collect Rs.81 billion as revenue. Likewise, the budget will target mobilization of Rs.11.5 billion in internal loans and meet the remaining deficit of Rs.33 billion through foreign loans.

Among others, civil servants have a reason to smile as 20 percent special allowance offered in the last year?s budget will now be adjusted to their regular salary. (dds)

700 million for developement of conflict affected areas of 40 districts and 370 million to Gyane and Paras. What a waste of resources!

Shame on us we are still putting up with this nonesense!

damn, nepalese ppl are rich.... they talks about millions and billions like its nothing.. ahahha

How much for HANUMAAN TRAINING CENTRE ???

They are Hanumaans. But I don't see their tails. In the picture above, I see a Ravana and Hanumaans. How funny ? In Kaliyug, anything is possible, I guess.

the budget is a joke.the king and family wants to get all the money from we poor nepali people and all we can do is stand and listen to this nonsense. why don't we start a movement here in US against the king..america le pressure gare pachi ta gyane ko ke lagcha ra..after all, all the money in the budget is donation from US or UK.

Too bad we have to allocate so much money to kill our brothers and sisters. I gotta sent a Thank You notes to chor and kukur neta like Girja, BamDev and their chamches for starting Mao movement in first place.

nepali Democracy has been raped. Now leaders are ready to make a friend with Mao who have been murdering their party people. This is how cheap leaders.

There is not a single leader we can trust right now. Everyone is same. So whoever comes in Singha Durbar, it will not make any difference to common folks.