KATHMANDU: The meeting of House of Representatives on Tuesday endorsed the Appropriation Bill, 2076 with a majority votes. The bill was endorsed following the conclusion of deliberations over the bill tabled in the Parliament.
Finance Minister Yubaraj Khatiwada on May 29 had unveiled a budget of Rs 1.532 trillion for the fiscal year 2019-20.
Out of the total budget, the government has allocated Rs 957 billion as recurrent expenditure, Rs 485 billion as capital expenditure and Rs 167 billion for financial management respectively.
To implement the budget, a revenue collection target of Rs 981 billion has been set by the government. Foreign grant and borrowing have been targeted at Rs 57.99 billion and Rs 298 billion respectively.
The budget aims to collect Rs 195 billion as domestic borrowing. The budget has projected economic growth rate at 8.5 percent.
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