KATHMANDU: The government on Wednesday unveiled a budget of Rs 1.532 trillion for the fiscal year 2019-20.
Minister for Finance Yubaraj Khatiwada presented the budget for the coming fiscal year at the joint meeting of House of Representatives (HoR) and National Assembly (NA) this afternoon.
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.
Sector-wise budget allocation
Education: Rs 163 billion
Health: Rs 68.78 billion
Reconstruction: Rs 141 billion
Drinking Water and Sanitation: Rs 43.46 billion
Agriculture: Rs 34.80 billion
Woman, children and senior citizen: Rs 780 million
Irrigation: Rs 23.63 billion
Forest and environment: Rs 15.49 billion
Land reform and cooperatives: Rs 7.69 billion
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