KATHMANDU: Khabarhub brings to you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more.
Govt unveils annual budget of Rs 1.793 trillion
The government has brought a budget of Rs. 1.793 trillion for the coming fiscal year 2079/80 BS (2022/23 AD).
Finance Minister Janardan Sharma presented the budget through his budget speech on Sunday.
According to the budget, Rs. 753.40 billion has been allocated for recurring expenditure, Rs. 380.38 billion for capital expenditure and Rs. 230 billion for fiscal management.
The government has aimed to collect Rs 1.24 trillion in revenue in the upcoming fiscal. The government also plans to take Rs 256 billion through internal loans and avail 55.46 billion in foreign grants.
Finance Minister Sharma said Rs 242.26 billion would be taken as foreign loans.
The government had brought a budget of Rs 1.632 trillion in the current fiscal year.
Search for missing plane zeroed in towards Manapathi mountain
The search of the Tara Air plane which went out of contact during flight from Pokhara to Jomsom has been zeroed in towards the base of the Mt Manapathi.
The search has been centered around that area based on the information given by local shepherds that the aircraft might have crashed on the base of Mt Manapathi, said Nepali Army Colonel Prem Poudel.
It is said it is three hours’ trek from Kobang to the place of crash suspected by the locals.
Govt allocates Rs 1.4 billion for transitional justice
The government has allocated Rs 1.40 billion for transitional justice.
Presenting the budget for the fiscal year 2022/23 in the Federal Parliament, Finance Minister Janardan Sharma informed that Rs 1.40 billion has been allocated for the transitional justice for the fiscal year 2079/07.
Government announces to bring 1 million more tourists next year
The government has allocated budget to attract one million more tourists next year.
Presenting the budget for the fiscal year 2022/23 in the Federal Parliament on Sunday Finance Minister Janardan Sharma has said that Rs 9.38 billion has been allocated for the overall tourism sector in the fiscal year 2022/23 to attract one million more tourists.
Govt allocates over Rs 69.38 billion for health sector
The government has allocated Rs 69.38 billion budget for the health sector in the upcoming fiscal year 2022/23, it was shared by Minister for Finance Janardan Sharma.
The current allocation is Rs 52 billion lesser than the previous year’s. Earlier, Rs 122 billion was allocated, majority of the allocation was for COVID-19 prevention, control and cure.
Education sector receives Rs 16 billion more budget this year, day meal up to Grade 7
For coming fiscal year, the government has allocated Rs 16 billion more budget as compared to the this fiscal year to the education sector.
Tabling the budget in the meeting of House of Representatives on Sunday, Finance Minister Janardan Sharma said the Ministry of Education was provided Rs 196 billion for coming fiscal year 2079/80. It is for the ministry, and the province and local levels under the ministry combined.
Categorically, the ministry got Rs 70 billion while provinces Rs 5.32 billion and local level Rs 121 billion.
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