House endorses Appropriation Bill « Khabarhub
Monday, July 15th, 2024

House endorses Appropriation Bill


25 June 2019  

Time taken to read : < 1 Minute


  • A
  • A
  • A

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.

Publish Date : 25 June 2019 16:59 PM

Argentina beats Colombia to win Copa America 2024

Argentina beat Colombia to win a record 16th Copa America

Manakamana Cable Car to remain closed for 50 days from today

CHITWAN: The Manakamana cable car will be closed for the

Know CPN-UML ministers to be sworn in

KATHMANDU: Newly appointed Prime Minister KP Oli is scheduled to

New information emerges on Trump shooting suspect

WASHINGTON: As federal investigators try to piece together a motive