Resource management has become a major challenge in the Koshi Province government's preparations to bring in a budget of around Rs 40 billion for the upcoming fiscal year 2083/84.
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The Koshi State government is preparing to bring a budget of about Rs 40 billion for the upcoming fiscal year 2083/84. However, the balance between resource management and political pressure has become the main challenge this time, more than the size of the budget.
According to the initial estimates of the Ministry of Economic Affairs and Planning, around Rs 39.5 billion will be available for resources. However, sources have said that the government's aspiration is to cross the psychological threshold of Rs 40 billion.
According to the ministry's estimates, around Rs 13 billion will be available for resources of around Rs 39 billion, including Rs 16.47 billion from federal grants, Rs 5 billion from internal revenue, and an estimated savings of Rs 5 billion for the current year. Sources say that preparations are underway to fill the remaining 'gap' of about Rs 1 billion through foreign grants, internal loans, or restructuring of estimated savings.
Although a historically large budget of Rs 43.4 billion was announced in the fiscal year 2077/78, the actual expenditure was limited to Rs 27.95 billion. Although a budget of Rs 39.92 billion was brought in the fiscal year 2079/80, the implementation remained relatively weak. In recent years, the budget has not been able to exceed the range of 35-36 billion rupees.
The decision to increase the ceiling for ministries in the final stages of budget preparation has also increased dissatisfaction within the government. Although the Ministry of Economic Affairs and Planning initially gave a ceiling of around 28 billion rupees, it was increased to around 32 billion rupees in recent days. The ceiling for the Ministry of Physical Infrastructure has been increased by around 1 billion rupees, while the limited increase in the Ministry of Tourism and Forests has also caused controversy, sources claim.
Meanwhile, pressure has been increased from the Chief Minister's level to include some big projects as it is the 'last term budget', while the Ministry of Economic Affairs is emphasizing balance, citing resource constraints.
