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Madi Rural Municipality of Kaski has released a budget of 605 million 20 thousand rupees for the next financial year 2082/83.
Vice President Kalpana Gurung presented a budget of 108.88 million 37 thousand 500 rupees less than the current financial year in the 17th village assembly on Tuesday. In the current financial year, the rural municipality brought a budget of 71 crore 38 lakh 57 thousand 500 rupees.
403 million 343 thousand 479 i.e. 66.17 percent of the budget for the next fiscal year and 20 million 46 million 76 thousand i.e. 33.83 percent for capital have been allocated. .
It is estimated that 3088800 rupees will be received from the federal government as a condition, 1139049000 for revenue sharing, 10022000000 for financial equalization, 115066600000 for revenue sharing from the state government, 1124700000000 for financial equalization, 60000000 as supplementary subsidy and 40000000 as special subsidy.
284 million 62 thousand rupees have been allocated towards social development . Out of this, 23.23 million rupees have been allocated for education and health workers. The rest of the money has been allocated for updating and printing local textbooks, purchasing medicine for health institutions, health volunteer programs, insurance for poor families, emergency women and children rescue fund.
155 million 40 thousand rupees have been allocated for infrastructure development, 12 million 87 million 82 thousand rupees for good governance and institutional development, 2 million rupees 96 million 91 thousand rupees for economic development including agriculture and animal husbandry. Vice President Gurung said that 2 crores have been allocated for the construction of buildings for rural villages, wards and health institutions.
Rural municipality has spent 54.05 percent of the budget of the current financial year until the end of May.
The Local Government Operation Act, 2074 stipulates that policies and programs and budgets for the next fiscal year must be presented within June 10. However, due to a dispute between the Congress and the UML during the discussion on policies and programs, the budget could not be released on time. After resolving the dispute after a week, the policy and program, budget was presented and passed on Tuesday.
