Nepal Government Allocates 17 Trillion 51 Billion 31 Crore Rupees in Budget for the Fiscal Year 2080-81
The government of Nepal has recently announced its budget allocation for the upcoming financial year 2080-81, amounting to a total of 17 trillion 51 billion 31 crore rupees. This budget reflects the government's commitment to efficient financial management and cost-cutting measures.
Reduced Budget Allocation for Fiscal Year 2079/80
In comparison to the fiscal year 2079/80, the government has introduced a budget with a reduction of 42 billion rupees. The budget for the current financial year stood at 17 billion 93 billion 8373 million rupees, while the proposed budget for 2080/81 aims to streamline expenditures.
Budget Breakdown by Expenditure Categories
During the budget presentation in the parliament, Finance Minister Dr. Prakash Sharan Mahat outlined the allocation distribution for the financial year 2080/81. The budget allocation includes 11 trillion 41 billion 88 million rupees (65.20 percent) for regular expenditure, 3 trillion 2 billion 7 billion rupees (17 percent) for capital investments, 3 trillion 2 billion 7 billion rupees (17.25 percent) for financial management, and 3 trillion 7 billion 45 crores rupees (17.55 percent) for financial arrangements.
Comparative Analysis of Expenditure Estimates
The projected expenditure estimate for the upcoming financial year is 2.37 percent lower than the allocation for the current fiscal year. However, it stands 1.37 percent higher than the revised estimate, indicating the government's efforts to strike a balance between fiscal responsibility and meeting the nation's evolving needs.
Overall, this budget allocation demonstrates the government's focus on prudent financial planning, cost reduction, and efficient allocation of resources. The emphasis on key sectors such as regular expenditure, capital investments, and financial management reflects the government's commitment to promoting sustainable development and addressing the nation's socio-economic challenges.
Key Points:
- The government of Nepal has allocated a budget of 17 trillion 51 billion 31 crore rupees for the next financial year 2080-81.
- The budget is 42 billion rupees less than the fiscal year 2079/80.
- Finance Minister Dr. Prakash Sharan Mahat presented the budget, with 65.20 percent allocated for regular expenditure, 17 percent for capital investments, 17.25 percent for financial management, and 17.55 percent for financial arrangements.
- The projected expenditure estimate for the next financial year is 2.37 percent lower than the current fiscal year's allocation but 1.37 percent higher than the revised estimate.
