Due to the decrease in equalization grant and revenue, the size of the budget will decrease in the next fiscal year 2082/83 in Gandaki province. The provincial resource estimation committee has recommended that the state government, which has budgeted 32.97 billion in the current year, should bring a budget equal to 29.55 billion for the next year.
According to Dilliram Rizal, Head of the Budget and Program Division of the Ministry of Economic Affairs, he informed that the 'ceiling' of the budget has been reduced in the ministry. It is estimated that the budget will decrease by 3 billion, due to the reduction of the budget towards equalization and complementation, the pressure on budgeting has increased, and the internal resources of the province have also been able to increase. No,' he said.
He said that with two months left to the end of the financial year, only 52 percent of the target revenue has been collected. He said that in the current year, only about 70 percent of the target revenue will be raised. The Provincial Policy and Planning Commission has stated that the budget of the province may be slightly reduced based on the budget brought by the federal government.
In the current situation, the commission says that the budget brought by the state government will decrease. The Commission has set a ceiling of 9.48 billion to the Ministry of Physical Infrastructure and Transport. In the current year, the ministry had a budget of 12.7 billion. The 'ceiling' of the Ministry of Energy, Water Resources and Drinking Water has been set at 3 billion 900 million.
In the current year, a budget of four billion four million 53 million was allocated for the said ministry. The Ministry of Agriculture and Land Management has also set a budget ceiling of 1 billion 900 million less than the current year. In the current year, a budget of more than two billion was allocated to the said ministry.
Similarly, budget construction is being done by setting a ceiling of Rs.
One billion 1.5 million for the office of the Chief Minister and Council of Ministers, and 1.3 million 3.6 million for the Ministry of Economic Affairs. The state government has advanced the preparation of the budget allocation in the upcoming budget by giving priority to agriculture, tourism and health.
Budget priorities will be determined based on the second five-year plan of the province. The Ministry of Economic Affairs has started discussions with the relevant ministries on budget formulation. Earlier, the budget matters were discussed with the local level, private sector etc.
The provincial government has said that more emphasis will be placed on policy reforms in the upcoming policy, program and budget. . Preparations have been made to bring an implementable and realistic budget of the province. According to the Ministry of Economic Affairs, the matter of budget formulation and coordination is being discussed with relevant ministries and subordinate agencies. There is a constitutional provision that the state government should publish the budget on the 1st of June.
